Hope all is well. I currently own one condo in Colorado and absolutely love that I am earning 16% on my money as opposed to the 1.5% from the bank. I am in the process of searching for another unit, particularly in t...
We may be listing our single-family home investment property this month. It has greatly appreciated and if sold, we could clear $100K. I used 1031 exchanges in the past but failed to find a replacement. I don’t want ...
I have been closely following the developments around Qualified Opportunity Funds/Zones for the last bit now. Everyone has pretty much been on hold until we get more guidance from the IRS; but, yesterday they updated...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Hey BP,Just finished listening and jotting notes down from the most recent BP podcast with @Amanda Han and @Brandon Hall. I'll link it down below...https://www.biggerpockets.com/renewsblog/biggerpoc...If you haven't a...
I'd like to get opinions on whether or not you would do a 1031 in this situation. I have a house I have owned for 2.5 years. It is currently under contract and I my estimated capital gain is $40k which will result i...
If I 1031 exchanged into a condo on a land-leased property, once the property reverts to the land owner would I have to pay any deferred taxes on the relinquished property sale? Since there would be no sale of the rep...
Hello all,
I am looking for input to anyone who has an understanding of the benefits for utilizing the Opportunity zones. I know the benefits, however am looking for opinions as to if it would really pay off in my c...
Do you want to learn how to be wealthy? Then you need to learn the tax game and how to save. There are lots of ways to do this. We are able to use 1031 exchanges, cost seg, DSTs, etc. But which one is best for you and...
Hi Biggerpockets Forums,I am looking into getting into real estate soon in Georgia and I had an open ended question on tax liability strategies. As a little back story, as a positions investor I am all about the long ...