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Hello, I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start ...
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This might be the wrong group to ask, but I wanted to ask what many of you self employed real estate pros are doing for health insurance? Anyone know about any way to get into a "group" of some kind to save money on ...
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I am squarely on the fence of whether I should convert my existing SDIRA to Roth, and would love some input from members.A bit of background: a while back, I rolled over funds from a previous employer's 401(k) to an S...
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I'm looking to do my first 1031 exchange for my duplex in San Diego, CA and buying a property or properties in Panama City Beach, FL. Since my top unit in the duplex was rented the entire time I owned the duplex I wil...
We purchased an ocean front 4 bed 4 bath condo on the Space Coast of Florida 4 years ago for $620,000. Our interest rate is 2.8% putting our mortgage at only $1,880. HOA dues are $1100/mo but expecting them to incre...
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In our almost 30 years of time in the 1031 Exchange business, we have had at least a half dozen serious attacks on Section 1031’s existence. Although the 1031 Exchange has been in existence for almost 100 Years, it is...
I own a condo in flagstaff and a house in Colorado. I want to sell both to buy a house in New Mexico. How do I do this without taking a huge tax hit?
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I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
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I picked Las Vegas because it’s close to me and California is out of reach. I see lots of properties on the market but almost none of them makes the .5% let alone 1% rules, so why would any investor buy them? In most ...
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Can you take full depreciation on rental property as well as deduct maintenance, repairs, upgrades if you are renting out two rooms and living in a third room oaks primary residence? Are property taxes and HOA tax de...