What is imputed interest? This was a term I was familar with but recently became got a deeper knowledge of when advising someone on how to structure a seller carry back note. He had found a house where the seller was ...
My parents have a rental property that they are trying to sell in Pennsylvania. They currently live in Idaho, but are going to be moving in a year or two to Arkansas or Missouri to find a place to retire. I currently...
Hi, my Grandma owns a duplex. The renters of 13 years are now moving out and I would like to buy it from her. She doesn't want to sell because she says she will get hit with a capital gains tax.
is this true?
is the...
How does taxes work for wholesale income? Specifically is it considered capital gains even though you get an assignment fee?
I’m in the equity zone on my 4 plex to do a 1031 exchange and use that equity to buy a smaller apartment building. I have a basic understanding of how the process works. My question is do I need to use all of the equi...
Our LLC will be purchasing a single family property next week for $200K in the State of CT. We have a buyer (under contract) with a target close date of June 15th (or sooner) to purchase the house for $125K. Since w...
Hi Everyone,Is there a way to avoid the significant impact of Capital Gains Tax on a quick flip and sell project? I purchased a Triplex which I will be converting into Condos and selling each unit individually. I lo...
Is it smarter to take out a home equity loan to pull equity from a rental property to avoid capital gains from the a sale of the property?
Hello everyone! 🏡 We’re a Real Estate financial company looking to help first-time home buyers navigate the market. What are some tips or advice you have for those looking to buy their first home? Any pitfalls to avoi...