Hi everyone,I am a new investor located in Fort Worth, TX, and I had a few questions for starting out.1. First off, I have other two business partners that want to invest with me in some property here in Texas. After ...
Hello BP family. I have two questions as I embark upon my first 1031 exchange and I need your help. Here are my three questions...
1. Can I do a 1031 exchange to close on a property that I currently have under a sell...
So me and a business partner bought a house for $70k outright. ARV house is worth $130k. I put in the $70k up front in hopes of that he was going to pay his half but over time I saw that wasn't going to happen so I to...
I was usually using option 1, but I was recently introduced to option 2 and would like to get feedback on its caveats:Option 1:- Contribute to the Roth portion of a 401k (lets assume $50k)- Invest this $50k in a syndi...
Hello!Anyone in CA? I am a tax accountant looking to discuss some strategies I am planning to move to commercial. I am thinking of JV thru an LP, where a Corp is a liable partner. I already have investment properties,...
My accountant tells me that yes, if I have repairs like windows and fixtures fixed when I'm still occupying the house, I can deduct these. Is this true? She says as long as I move out fairly quickly after that it's ...
Hello all. Can someone explain the details of selling a house to a child?
Is there a limit on pricing?
Does it have to be sold at fair market value?
Are there limits to the “look back” for primary home exemption?
...
Where can I find a "Real Estate Tax Account Number" online for my property
Any referrals for a good Tax Accountant for a first time real-estate investor ?Ken
Hi all,
I know this situation may seem a bit odd I'll try to piece it together as best as possible.
Last year I purchased a fixer upper home seller financed on an 18 month balloon, due to be paid back Jan 2024 thr...