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Me and my wife have lived in our home for almost about a year and a half. We have gained quite a bit of equity in our home and are wanting to move into a larger home. We have found out that since we haven't lived th...
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Have any of you invested with Obsidian Capital in a syndication before? If so, how was the experience?
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Greetings!
First off, extremely grateful for the BP community. A full year of reading BP material and listening to podcasts has put me in an incredible state of paralysis analysis and I need some guidance on my next ...
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When Burrrring a property and the down payment or the full purchase price is made using funds from a HELOC, when refinancing, do you have to pay capital gains taxes if the money is used to pay off the HELOC?
I inherited a property in a trust. Father passed away. Trust is now irrevocable.
im successor trustee. I paid for a date of death appraisal.
i was under impression I get a step up in basis for sale of property if s...
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I am looking to purchase a 8 unit property. i need assistance with down payment how do i raise the capital for down payment. Any suggestions would be highly appreciated.
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have 3 LLC's for mostly flipping properties. I have 2 rentals and 5 houses f...
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I am selling financing a mobile home for 1,200,000 at 6.5% for 20 years.200,000 down, 1,000,000 mortgageI will be subject to 400,000 on the recapture tax so I've taken the steps to reinvest the 200,000 down payment.Ho...
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Hello! If I sell my primary residence within one year, can I still use the cost adjusted basis and count my improvements and commission paid to either breakeven or show a loss and avoid capital gains tax since it woul...
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My property is paid off, but I don’t have the money to renovate. How do I gain capital need help.