We have been flipping SF for years and refinanced on occasion over past several but recently buying and holding more than reselling but we are bumping into 10 Loan Cap on an individual name or a couple so any suggesti...
Hi Everyone, we recently just purchased our first rental property and we put it in an LLC Account. We ended up selling the property for a profit instead of keeping it for a rental property. My question is can I go ahe...
Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today’s guest is an expert on this front and is here to e...
Asking for a friend.
Rental property bought as husband-wife. Title: held together as a married couple. Now going through a divorce, wife wishes to do 1031 on her share (50-50). Since IRS rule is that tax id of proper...
Investment Info:
Single-family residence buy & hold investment in San Antonio.
Purchase price: $136,000
Cash invested: $43,402
Purchase, full remodel. Rented for $2545 per month refinanced. The d...
We are looking to sell a couple single family homes in Indiana. We have held them for 8-10 years. Is it better to sell them in different years to save on the capital gain tax? I've heard that if you sell them both in ...
Hi folks, we recently started to build our pool in the backyard and was wondering if you have tax benefits if you add your pool to your LLC?The business case is that we would either use the pool for:1. Lease it out to...
Hey BP community! I'm still very new to the REI game and am in the stage of education and research, learning as much as I can about the buy and hold method. I was interested in hearing from investors who have rentals ...
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Hi all! This is my first post here on BiggerPockets.
I've been thinking about a few things, and had some pretty deep conversations with a friend who is fairly wealthy, and is building up his portfolio.
Here's my ci...