Buddy Holmes
How to Handle the value of a Bankrupt DST held in a SDTIRA
I unfortunately invested in a student housing DST that went into Chapter 11 due in part to Covid and virtual classes.I have to take MRD from my TIRA so I need to get the evaluation down to $0 so as to reduce the MDR.A...
Kin Leung
Tax and mortgage interest question
Hi BP,
We currently have 3 properties in the Bay Area, 1 of which is our primary residence. The other 2 are rental properties with enough positive cash flow that we have to pay taxes on the rental income after all the...
SANDRA Hillhouse
Help! Flip not selling, should I eat loss or hold and rent?
Hoping someone can help. Flipped a house (gorgeous, made timeline, and close to on budget. Best schools great location. Because Of the insane appreciation in this area over past year, it’s taken an early and big hit -...
Zachary Vanheyningen
Should you buy a house that has fire damage?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $20,000
Cash invested: $50,000
Sale price: $110,000
First, fix and flip. Complete burn-out property. Learned a ...
Chad C.
When would long term gains be taxed as self employment income?
I currently work full time, and I have 10 properties that I have installment sales on, and they will be taxed using long term gains. I got the impression from my CPA that if I was to reduce my employed hours enough(or...
Ariel G.
Transition to a new property procedure
Hi everyone1. I was wondering, what's the most eficient procedure for the transition of one property to another.Meaning, you plan to sell one, and buy another one that you seem to consider a better investment. Would y...
Patrick Orah
Advice Needed on the Tax Advantages with rental income investment
Hello BP community, I am looking for advice confirming what I think I know about tax advantages with rental income and help filling the gaps on some of the tax advantages/strategies that I may be missing.
To begin, I...
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Passive income
What taxes do you pay when you receive passive income?
also can someone please give some details on other types of income.
Andy Reddy
When to let go of an underperforming property
Morning everyone,I have a small dilemma that I need to solve. I purchased a 4 bedroom townhome in a great area in Delaware about 2 years ago. However due to my job I moved to Florida where I actively want to invest. T...
Greg Fielding
What’s the real reason that banks aren’t foreclosing?
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Banks make more money by NOT foreclosing on homes. Banks are dragging out the foreclosure process for their own selfish reasons. Until the day they foreclose, the amount...