Newbie question here- do I pay income tax on investment income? I haven’t heard it addressed at all yet in the podcasts and other materials I have come across.Thank you!
Multifamily scenario, looking to see if anyone has had similar deals/experience with this strategy. Original developer 1965-1990 (phased construction) still owns a great product I’m trying to buy. Market rents are 70%...
Hello,We are in talks to buy a portfolio of rentals from an individual who's spouse recently passed away. They are considering doing owner financing and we have been talking about possible benefits or drawback for eac...
If my wife and I own our own house which have appreciated well over 1 million, and I would like to use a 1031 exchange in order to defer taxes - I have these questions, let's assume we purchased it for $1 million, and...
Hey guys hope someone can help me. I am flipping a home, which It is to my understanding that I can not 1031 it. I’m curious as how I need to structure/ save for taxes on the sale. Here is a small run down, I formed ...
Just a simple math:
Let's say I buy a home for a million dollars, with 20% down and 30-year term
interest rate = 5% + property tax = 1% + maintenance = 1% ----------------------------------------...
for a newbie, planning to buy 4-6 rental apt building in the near future, actually looking, waiting to be sure the deal is good and will work out, Anyone have a opinion as to whether I should upgrade to pro or basi...
I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...
Hi Guys,I'm in talks with a seller to purchase an 18-unit high quality apartment complex. The only issue stopping the deal is that the seller does not want to pay the tax obligation on their long-term capital gains. ...
One of the property I am evaluating is in the opportunity zone. What does opportunity zone investing mean for an individual investor who is buying multi family apartment in designated opportunity zone under an LLC?thx !