Vladimir Kotomin
Depreciation recapture for OZF investments vs. 1031s
Sorry if this was asked; I searched and didn't find a similar thread.I know depreciation recapture is not taxed for OZF investments held > 10 years. What about the properties sold to acquire an OZF? If I sell my fo...
Jacob Anstaett
New Member - Johnstown, Ohio
Hello Everyone. I am new to the Bigger Pockets community but not to real estate. For the past decade my wife and I have flipped about one house each year but we are now looking to acquire rentals. Around my area, i...
Adam Gerig
Portfolio Loan suggestions from those who have done it before
Want to get some insight from some people who have done it before. I currently own an estimated worth of about $710k worth of homes and duplexes(according to me) and owe around $188k between mortgages and land contra...
Tyler Divine
*Tax Pro Question* One year clock on new home build?
Quick hypothetical question for Tax Pro's out there:If you have purchased a lot to build a home on, when does the one-year clock start to switch from short term to long term capital gains?Does it start when land was a...
Rory Korpela
Capital gains question
Hi folks,I've recently bought a couple of lots and will be building spec homes on them. My main concern is when long term capital gains kick in. We closed on the lots on 3/15/19. If we aim for a sale next spring, afte...
Matt E.
Is a 1031 Exchange AND 121 Exclusion Possible?
My wife and I bought a property 50/50 with my In-Laws. We bought it in September '13, knowing we would sell it to an interested home builder. The property sits on several acres.
I have read of scenarios where...
Matthew Holland
Seller Financing - Short Term Vs Long Term Capital Gains
Hello BP Crew,I purchased a foreclosure property in January 2022, did a rehab, and am now able to sell it 3 months later with a around ~$100k short term capital gain. Since it's only been 3 months, I'm looking for wa...
Joan Gerhardt
Selling income property and purchasing a house
I sold the house I had been living in and used the money to purchase a house in Colorado that I intended to move into. I didn't move in but decided to rent it while I lived in rental property in another state. It's n...
Mark Risley
Capital Gains
Hello BP community!I have a client that owns two properties and is planning on possibly selling them both and using the money to buy their dream home. They are a married couple that both bought their homes before meet...
Bob M.
Form 6252
I bought a property subject to an existing contract for deed to another buyer that was already in place from 3 years prior. That buyer rents the property and has been making timely installment payments on the contract...