Hi Fellow Investors,
I have a friend here in the state of Washington interested in selling their 4plex that they’ve lived in for almost 3 years. What is the best way for them to go about selling this property and wi...
So I sold a house for $250k and my tax guys says I will owe $20k in taxes. I am trying to do a 1031 exchange but would you buy a property that's not really a good deal to avoid the taxes. I have 2 duplexes lined up th...
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
What is the definition of tax benefits and what are some types. What do tax benefits help with and what are they good for in real estate investing.
Hello!Quick question regarding depreciation recapture. I was thinking about selling a two family house I own in Somerville, MA while my 2/5 year owner occupant tax exclusion still applied for half of the house. I de...
I'm nearing retirement and considering what to do with a few rental properties that would net about 900 K, if I avoided taxes. I've owned both properties for about 20 years. I have been thinking it would be nice to re...
Hello everyone, I am taking a stab at analyzing my first deal. It is a duplex located south of Atlanta. I would say this is a Class C property. The property has been on the market for a while, and there has been a few...
I have a property that I would like to do a 1031 exchange. The property is valued at $440k. I owe $140k. Let’s say that the sale generates $300k profit for simplicity. (Not included closing costs etc) 1. I need to pu...
In the beginning it wasn't too hard. The property depreciation would usually shelter all the income from my rental properties. Now that these buggers are getting paid off the income is increasing and the depreciati...
If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties. For example, if I buy property #1 for...