Carolyn Guertin
Renting primary residence in Toronto
I have some questions that I hope the BP community can answer for me.My elderly father has just moved into in a retirement home. He is weighing the pros and cons of selling versus renting out his home in the GTA. He o...
Cheryl Naegel
Capital Gains Indiana
Hi everyone! I just sold my Indiana rental property on December 5. I purchased it in 1994 and lived there until 1999. I then moved and rented it out until 2003. I then moved back in until 2004. It has been a rent...
Pixel Rogue
Capital Gains - Longer term planning...low income.
We have a few investment properties for several years. One in personal name, others in disregarded LLCs. Thinking through different exit strategies which include 1031s (traditional,) outright sales, switches into over...
Horacio Gutierrez
Installment sale taxes
Hello,If I do an installment sale will I save on capital gains tax, if so how, does it have to to with capital gains tax bracket not been to high?Thanks,
Taylor Jones
How to pay $0 in taxes on a STR generating over $120K in revenue
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Michelle Curran
Cost Seg on a STR Reno all Self-done
Trying to determine if a cost seg study is worthwhile. Our purchase price was very low $225k and land value about 30% of that. We renovated property doing all the work ourselves so I'm not sure if we can factor in our...
Gene Nelson
Mobile home investing
I'm getting ready to present to a prospective seller on an owner carry, benefits pros and cons and make an offer on the park. I have already done the due diligence and am looking for tips and ideas of how to carry thi...
Andrew Taylor
Walk me through income & tax implications
My wife and I are closing in on our first multifamily property, and I'm really enjoying daydreaming about all the positive cash flow and how I'm going to enjoy it. (Don't anybody burst my bubble.)I'm curious about a c...
Bryan N.
Costs of selling a flip
This has probably been answered, so if someone has a link that's fine. I've searched, but couldn't find it. I bought a property from a slumlord which I discovered after the fact.http://www.biggerpockets.com/forums/5...
Ross Alcorn
Cost Segregation: W2 Employee and Not REPS: Worth it?
I'm wondering if it makes sense to do a cost segregation study if I'm a W2 employee and don't have REPS. I would be looking to do this for a townhome that became a rental in 2021 but I don't foresee myself moving into...