Good evening BP Community,My partner & I recently signed a purchase agreement and made our first payment towards a portfolio of 3 properties, all at the same corner in one of the top designated Opportunity Zones i...
This one is a doozy, but anyone who gives the best advice regarding this opportunity zone question will receive a gift from the universe….
I just took over a project from my elderly parents where they own a single-fa...
I have been reading up on the benefits of investing in qualified opportunity zones. I am currently selling an investment property my partner and I have owned for awhile. My partner is not interested in expanding his r...
Good evening all,
My name is Alex, and I am a Finance Manager by trade in a very large hospital here in Miami FL. 9 years ago I tried to get in to real estate by getting my license, however, it didn't work out the wa...
Is it worth the effort to do Cost Segregation Depreciation for a smaller 4-family residential building?
According to the IRS there are several methods of doing a cost segregation analysis, one of which is a '...
Hi, I have a question in regards to tax deductions when selling a rental property. I sold a property last year, fortunately I do not have to pay capital gains as It was my primary residence before being rented. As I a...
Hello,I'm looking for help evaluating tax strategies for selling my two homes. Here's my situation: We own a home we lived in for 18 years (2000-2018). We moved out of that house (House #1) in summer of 2018 and ar...
I currently own a 2b/2b and has been a rental property for 13 months now. (Was a primary residence before). Wondering what are the requirements for a 1031 exchange if i were to sell the condo and buy a single family r...
Hi all
I have a previous house (now rental) that is quite underwater. I paid about 10k in repair costs this year for a new HVAC and the basement had to be excavated due to the plumbing collapsing under the house. Ye...
I'm just looking forward to the future when I may wish to invest in a syndication through a Roth IRA. Correct me if I'm wrong but since the Roth IRA has no tax liability, the depreciation deduction is basically lost. ...