Do you want to learn how to be wealthy? Then you need to learn the tax game and how to save. There are lots of ways to do this. We are able to use 1031 exchanges, cost seg, DSTs, etc. But which one is best for you and...
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Hey BP,Just finished listening and jotting notes down from the most recent BP podcast with @Amanda Han and @Brandon Hall. I'll link it down below...https://www.biggerpockets.com/renewsblog/biggerpoc...If you haven't a...
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
OK, I read the "What to do with $910,000 in cash?" thread, but his money is stuck in a 401(k) which limits his options. Mine is in my own profit sharing plan or mini-401(k) as it's sometimes known. I can invest in a...
Hi,I'm looking at my first 1031 exchange, and stumbled across the Delaware Statutory Trust option. The sites I've found in searching its details don't mention in detail the parameters of that deferred tax burden, spec...
From the time I learned about 1031 exchanges, I’ve been all in on the concept. Lately though, I’ve been second guessing myself. What if I ever want to sell off my properties and cash in if I feel a recession is coming...
I missed my opportunity for reinvestment of funds using 1031X (couldn't find a suitable property) and now I'm facing a $60k hit for the sale. I'm in Oregon so the tax bill will be too much to stomach.Any other options...
Hi Guys,
A retiree couple I know is interested in selling their portfolio, and asked if I know of a mutually beneficial proposal for selling their property. Here are the basics on the portfolio;
(10) SFR properties,...