Robert Steele
How do you tax shelter your cash flow?
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...
Tin Nacaj
Taxes After Multiple 1031 Exchanges
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...
Ouman You
What would you do with this case?
Hi guys,I'm trying to help a relative here and I need your insight.She bought her house for 70k in the 70s, now the area is well sought after in SM and it's worth north of 3.2MIL....it was never rented and now that sh...
Nick Gee
LLC questions , TAXES,ETC NEWBIE QUESTIONS
hello everyone I finally decided to create an llc for my properties.. I have two single family homes.
STARTED INVESTING ALMOST 2 years ago
ONE IS RENTED, ONE IS BEING RENOVATED (POSSIBLE RENTAL)
I'm holding both in...
Thomas Mehi
Advice for military member selling long term rental
I was just recently introduced to BP and just in time too as I am selling a house I have owned for 13 yrs. It has been rented for the last 6yrs. I know because I am military I only have to of lived in it for 2 of the ...
Anderson S.
Stop Overpaying Taxes! 5 Insider Tips for Real Estate Investors
5 Tax Mitigation Strategies Every Real Estate Investor Should Know
As a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio. Yet, many investors overloo...
Raza Rizvi
Opportunity Zone Fund Question
Hello investors, I heard that QOF were getting an extension due to Covid. I had the following question to determine if I am still within the window to take advantage of deferring my taxes or not. I still haven't filed...
Andy Young
Another Capital gains question
I am selling a multifamily I bought for 100,000. Over the course of owning it I have paid off $25,000 of what I owe on the mortgage.I paid 25,000 and got a mortgage for the 75,000.I am now selling it for 200,000.I am ...
Alex Silang
Classifying deferred maintenance as "repairs" or "initial cost"
I bought my first property a few months ago. There was a lot of deferred maintenance which ended up adding up to about 15% of what put in as a downpayment. Fortunately, the property is currently cashflowing nicely. In...
Ben Bakhshi
Taking equity in your tenants business, and 1031 exchanges.
I manage a warehouse property that is owned TIC between an LLC that I manage and own membership interest of, and a personal 1031 exchange. During the course of leasing up the property, we have been approached to have ...