Jenna Hintz
Tips for identifying Eminent Domain replacement property
We have an investment property where some of the property was taken as part of an Eminent Domain. From what I read, we have three years to identify another property to do a like-kind exchange with. Does anyone have ...
David Ounanian
What are the most effective exit strategies for real estate investors?
Real estate investors employ various exit strategies depending on their goals, market conditions, and investment properties. Here are some of the most effective exit strategies for real estate investors:Fix & Flip...
Roel Alvarez
Partial 1031 Advice/Accountant Recommendation Chicagoland area
Hi All,
I'm looking for a second opinion/potential new accountant to review my situation. Here is the situation, I sold a property last year that had a great return that I rolled the money into a 1031 intermediary...
Channing Huntington
Split 121 tax exclusion and 1031 question
I am in a situation that seems well-suited for a home sale with capital gains that are split between the section 121 primary home capital gains tax exclusion and a 1031 exchange for rental property:
Spouse and I ha...
Kevin Allen
House flip tax question
So I I have a couple rentals. I’m rehabbing a house that I’m not sure if aim going to flip or make a rental. If I flip it is the taxes due on my profit this year even if I roll it over as a down payment on another r...
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Aaron Smith
Capital gains
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
Sam Doyle
Rental property in schedule E counting against me w/ conventional loan, any options?
Hi all,
Have a weird situation where I recently purchased a rental property 1 year ago and am looking for a new loan on a new property. I have great credit and W2 income to purchase a property before even adding my r...
Ken Olson
Could use some advice - LLC taxed as S-corp
I hope everyone is and remains healthy and safe during these challenging times....
I'm a first time flipper and I could use some help/advice. I've spent considerable time trying to get answers on my own but haven'...
Rich Weese
which is better, 1031 exchange or take the money and run
99% of the respondents will select 1031 exchange. If you know me very well, you know I march to the beat of a different drummer. I also like to play the contrarian.If I decided to part with one of my 150 unit apartmen...