So a friend mine was approached to sell his auto body business along with the property and building. He has owned it for about 32 years and the offer is very attractive so he has been considering it as he had previous...
Does the 2 Year Home Sales Exclusion apply to Apartments 5+ Units? (If you live in one of the units 2 out of 5 years, can you avoid paying capital gains?)
I don't understand how investors say I dont pay taxes, is that for the advanced investor with many properties or assets? I have 3 buidings and from what I gather, I want to show on my schedule E that my buildings are ...
I recently started a retail store and I am running the business in a building owned by my real estate LLC company. Is there any tax benefits from my retail store paying a higher or lower rent?
Hello,when I make the cashflow spreadsheet of almost any house (SFH, MF) around here (San Diego, California) I cannot manage to deduct enough taxes to cover rent. Am I doing something wrong?Most of the properties here...
I'm looking for my first investment property in Chicago markets. I'm interested in higher-than-average income neighborhood, even better with upside possibility (gentrifying). I'm mostly looking at urban, smaller size ...
After I sell my house I'm going to make 49k profit. I want to build a couple 4 plexes with the money but don't have all my ducks in a row yet. When I get the money, how do I avoid paying capital gains tax and how much...
I hope I can get the answers from many experts here2 years ago I bought a warehouseI made 2 loans1 SBA 504. $5millions2 Commercial loan from one bank $8millionsMy business went down so bad. I could not afford to pay m...
Real estate investing can be a powerful tool for building wealth and achieving financial independence. Here are some of the key reasons why:
Appreciation: Real estate has historically appreciated in value over time, ...
I have an opportunity to purchase five adjacent lots at a pretty decent price ($125k total), but I have no builder or rehab experience. Is taking on multiple lots too much for an inexperienced noob? How can I take o...