I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
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Hello, I am looking to purchase a home. It’s been in the sellers family for many decades until he inherited the property in the 80s. If/when he sells he will be hit with capital gains taxes. As a buyer I’d like to cal...
I bought my asset (home) in 1998 for $245.000 lived in the home until 2011, it has been rented since to date 2020. The asset is now worth $896.000 . I plan to move back to the home for 2 years and then sell at the pre...
I am looking to get into real estate investments in the Albany area, namely student sections as I have ties to the university as well as a few other not-for-profit organizations that I work with. I am planning to take...
Does anybody have experience with outside investors? Was wondering if they will hold capital in my business?
The next stage in my real estate income is being geared towards new construction. I am predicting more money in selling newly built homes compared to buying, rehabbing, and flipping.
We are allowed to run 1031 excha...
I have a family member who might be willing to invest capital I need for leverage. While he is a family member he is treating this like a true business opportunity. I want to get creative on his ROI instead of a flat ...
Here is my situation. I bought house in 2007 and lived in it from 2007 to 2012.
In 2012, I bought a new construction and moved into it in August of 2012. I kept my other home and converted it to a rental.
I was thin...
Hello BP, The fees for forming a LLC in NY are breaking our pockets!! We've already created a LLC but do not have the funds to publish in our county newspapers. Unfortunately, we do not have people in our network t...