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Do I pay taxes on flips What do I do
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Since note dividends are taxed at the same rate as regular income, and there are no tax benefit like depreciation or mortgage interest deductions, I am looking back to real estate to help avoid keeping 63% or less of ...
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Looking for some thoughts/advice. I recently purchased a home at an auction and am deciding whether to use FHA and living in it for a year or so until I can buy a duplex and move into the duplex then rent it out or ju...
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Hello All!I am considering a 1031 exchange for selling a Single-Family Residence (SFR) in order to purchase either a commercial land/pad site and develop houses/office buildings on it. I have a few inquiries regarding...
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I have a paid off 2bed/2bath townhome in phoenix. Bought for 90k now worth around 280-300k. Recently did a full rehab and decided instead of tenants trashing it we shud sell it. Rehab around 8k. If we were to rent it ...
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I am squarely on the fence of whether I should convert my existing SDIRA to Roth, and would love some input from members.A bit of background: a while back, I rolled over funds from a previous employer's 401(k) to an S...
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My grandfather passed away two years ago. My mother inherited the home, but wants me to have the proceeds from the sale of the home.I have a potential buyer interested in a land contract.I need to determine the best w...
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I am a new landlady, and don't want to be so for the long term.
For now, the tenants are paying my mortgage. I wanted to hold for at least a year before selling (in case I couldn't find an adequate 1031) to avoid ca...
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I have two questions...I read somewhere that you pay taxes when you do a flip but not Capital Gains tax if your intention was to flip... can someone explain? Here's somethings we are looking at.... we have held a hou...
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I have very little experience with investing. I purchased a small single family home with a partner 3 years ago that has a nice little cash flow to it.
With that said; I am looking for someone to tell it is OK to hold...