Russell Johnson
Seller doesn't want to pay capital gains tax on rental.
Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us. He didn't balk at the price but told me tonight after a conversation with his a...
Mason Vitalis
Capital Gains in Minnesota
Hey BP! I'm trying to learn more about capital gains tax when selling a rehabbed home or refinancing for the equity. I've heard some say that holding for 2 years is the minimum to avoid capital gains, but I've also he...
J Sheth
Do HOA Back Dues paid in Foreclosure Adjust Cost Basis?
A property purchased at Courthouse foreclosure often come with liens. Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the...
Daniel Walton
Flip and Flip Calculator
So after using the Fix and Flip calculator for the first time I realized the calculator asked the purchase price, associated costs and desired profit; however at no point did it ask for my expected tax rate. Anyone fa...
Yolanda Williams
Best tax strategy to incure less taxation
Hello I am a first time flipper. I sold 2 properties this year that were titled and sold in my personal name. One that was held as a rental for about a 3 years prior and one that was acquired and sold after a year of ...
Daniel Karbownik
Transferring Security Deposit Upon Sale
I am buying a rental property with existing tenants in place. The purchase price is 155k, and the current seller is holding a security deposit of $2250. We are in attorney review, and the seller has just asked that ...
Account Closed
Buying an apartment complex to part up and sell off
Is any potential downfalls to buying an apartment complex and selling the units (after a year for tax liability) instead of renting them.
Greg W.
7 unit property and small lot on purchase agreement?
Hi guys,I am in the process of buying a 7 unit building. There is a separate small tax amount in a spreadsheet seller sent me, which is the lot that tenants park on. However In our purchase agreement, we only have the...
Sakib J.
How does assigning a purchase agreement work?
How does assignment of real estate purchase agreement work? Is that legal in Georgia? I would like to hear from real estate attorneys or someone who has been a buyer in this scenario.
Marian Huish
Buy, renovate & hold 2 units in DC's Eckington neighborhood.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $360,000
Cash invested: $72,000
Sale price: $1,100,000
Purchased this turn of the Century corner rowh...