Jared Iddings
Acquire more rental properties
Looking for some insight on how to move forward in my real estate portfolio and acquire more properties. I currently own a quadplex purchased at $398k interest rate 2.875% monthly mortgage at $2,999.00 and all 4 units...
Katrina Cabral
1031 Woes Going Into Hawaii
I may have managed to find a buyer for my Georgia SFR and get it sold 'before' I close escrow on a condo in Hawaii. So, I could potentially do a 1031 exchange. Crazy question but I'm wondering if it makes sense to do...
John Stanley
Taxes when crowdfunding vs. individual purchasing
When someone invests in a crowdfunding platform (like Crowdstreet), is this considered a real estate purchase or is it something like shares in a company? I think I read that they will issue you a K1 statement so I'm ...
Marc Villiaer
Personal Use of Investment Property with MMLLC
I was hoping I might be able to get some thoughts from the community around a potential real estate investment I’m considering making. Here is the general scenario: Establishing a multi-member LLC in which my spouse a...
Sophie Wang
How to report tax lien gain/loss in tax return?
Hey guys,I am new to tax lien investing and am filing my tax this year. I am confused on how to report the gain/loss.I started buying tax liens at the end of 2017 and a few of them got redemption in 2018. A couple of...
Ted Swagerty
Tax strategies to avoid/mitigate capital gains
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...
Mike Shahi
New construction/capital gains/death of parent- need tax advice
Hope all is well. My parents own a home in MD and owe about 500k on it. As is, the home can sell for 1.1/1.2. The home was purchased in 2008 for 700k. Mom passed away last year unexpectedly. Now, Dad and I are trying ...
James Palassis
Depreciation Capture When Selling Rental
I am not able to deduct depreciation on my rentals due to my AGI being too high. But I am considering selling one of the rentals (owned since 2019). Will I be able to "capture" that depreciation to decrease my capital...
Yawiney Yawiney
Capital gains question
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.With that low income, can i still be charged capital gains?I...