BP Community I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Lets' start a thread about all the bailouts and foreign funds that are pouring in during this crisis!! Are we broke or what?
I WILL START the thread.
Merrill Lynch said on Tuesday it had won fresh backing totalling...
Hey Guys,
Quick few questions
1 If I invest in a real estate syndication as a limited partner and I was given bonus depreciation year one where I had a $70,000 loss on 100k investment at the time of sale how are the...
Hello all. I need some advice. My goal is to get into flipping with in the next two years once I build up a bit more capital. In the mean time I have enough for a down payment to buy a property and rent it out. I am w...
Hello, My property is in Laguna Niguel CA. I purchased a 3 bdrm condo for $365,000 in Dec 2009 with 20% down. I now have a 4% loan but pay $280 in HOA fees monthly. I did about $16,000 in improvements - paint, carpet,...
Hi Friends,
Newbie investor here. I am wondering what your thoughts are on holding current investment home, or selling (at ~$10k loss) to free up capital for any future foreclosures/low purchase price on homes as a r...
Hello All, I am well under the income threshold to be able to take the up to 25K in passive losses on my rentals right now. However, I am looking at some larger properties and doing Cost Segregation Studies that would...
I want to use a home I own as a investment property even thought it was purchased as a primary property when I bought it. If I just turn around and rent it out how will this affect future taxes ? Etc how do I go about...
A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...