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I just heard of this thing called Opportunity Zones. A guy I met recently has sold his rentals this year, and is getting ready to take a tax hit. I don't know enough about Opportunity Zones to speak intelligently abou...
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Hi guys New to this forum and have been getting conflicting advise on this matter. This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax...
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After flipping 1k houses over the last ten years and getting KILLED in taxes, we pivoted to large scale Multifamily after reading “tax free wealth”. Last year we bought 70mm in apartments and had a negative tax return...
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SCENERIO:
Purchased an investment property in NY for $110k. 3200 sqft, 1600 sq ft basement, 3br 3bth w/ 1br 1bth legal accessory apt. The home needs about $175k-$200k in reno. ARV: $500K+
Once renovated my plans are...
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Hey BP,This is for s friend of mine...He just bought a town home and was trying to rent his condo he lived in for the past 4 years. He still hasn't changed his address to the new town home if that helps. He couldn't g...
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Hello to all you experienced investors, thank you in advance for your positive responses.If one had a SFH as a primary residence under mortgage still and decided to put it into a single-member LLC and rent it out whil...
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I might move from the area/home I currently live in. If rented it would cash flow about 800 a month or I could sell for about 150K tax free/0 capital gains to re-invest. Appreciation is very likely in the area.
Woul...
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I am currently looking for my first property to buy and it will be my primary residence. I plan to buy something that needs work, rehab it, and then either sell it or rent it.What kinds of projects would you do in a ...
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I purchased a house back in Dec 2012 that was my primary residence until Oct 2015. Since then I have been renting the house and have decided to sell. The house is 2 hrs away from my current residence and I am lookin...
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Just knocking this idea around and have a few questions.I have a duplex with tenants and in the next few years would really like to exit the landlord arena. I've been renting the duplex for 22 yrs and it will be paid ...