We are entertaining the idea of purchasing my fiancee's grandmother's home in Mountain View, CA. This house is in a PRIME location, walking distance to google. COMPS are going for 1.2-1.4 mil ARV. We want to present t...
Hello I am a young entrepreneur. This year I have done pretty well and am blessed and burdened to have quite a tax bill coming in April of 18 looking to be around 40k When asking my CPA what I can do with the money to...
Hey everyone - finally decided to join up after listening to a fair amount of podcasts on my travels. Looking to get involved in building a small residential portfolio to eventually combine in an aggregate sale for on...
Sorry I am sort of new to this. Need advice!I co own my primary residence with my brother 75/25 (On title). I’ve been living there for 2 years and he lives elsewhere at his primary residence. We want to sell the prope...
I would like to sell a rental property and do a 1031 exchange to buy a property from my mother's estate (I am a beneficiary). I just learned this might be an issue due to related party.
I bought a rental (Town Home) back in 2004 & have been taking a depreciation so that I could get a bigger tax return. The CPA that did my taxes this year advised me that I shouldn't be taking a depreciation if I ...
I recently converted my primary residence into a SFR and completed a cash out refi. I plan to invest some of the money in a business doing flips and remodels with a partner. Are there any strategies to avoid my profit...
Would a 1031 exchange be able to be used for money received back from a hard money loan? If not what would be the best way to reinvest so taxes would be minimal? We invested in a property here in Hawaii 2 1/2 years ag...
Hey BPers!My girlfriend has recently hopped on the real estate bandwagon and is in the middle of buying her first house, we are going to live there for a few years together and then she’ll probably rent it out. Is the...
Hi gys -I am planning to sell my Investment Property that I bought in 2012. I'll do an example below just to understand the taxes payable.
Can someone with real experience relate if they really had to pay these taxes...