Leo Q.
Question Regarding House Hack and Section 121
Hello,I've read that house hacking can cause tax implications at time of sale. One of those things being how much of the property qualifies for the section 121 of either 250k exemption or 500k if married. I own a prim...
Curtis Cecil
One of those Youtube guru's advice....
So let me give you some hypothetical numbers.I buy a house for $150k. Current value is $210k as-is. ARV is around $300-$350k. So I was told that I could do a cash out refi for $150k. That puts debt against the house. ...
Bette Hochberger
How Property Taxes Affect Home Affordability
Prospective homeowners, consider property taxes when budgeting for your home. They can vary widely and significantly impact the overall cost of homeownership. When calculating what you can afford, factor in these taxe...
Justin P Howe
Flipping as a business?
Looking at flipping as additional business. What is the correct way to avoid crazy taxes? Is there one?
Vincent J Brunori
Question? How to minimize capital gain and retire?
Question? Trying to purchase 4 properties (48units) from a long term investor who is looking to liquidate her portfolio and retire. They would like to finance the deal but would want to minimize capital gain. The sell...
Yi Chu
Business Checking Account
When you open a business checking account, you have to transfer a certain amount of money to the business account to avoid monthly fee. Let's say $500. This comes from your personal account, not from business operatio...
Charles Barnes
Buying from owner before Tax Auction
Hey, I live in Texas and I’ve located a property I’m interested in buying. The house is going to the tax deed sale and I’m curious about how to approach the owners to buy it before they get foreclosed.
Any tips appr...
Keith N.
Which qualified intermediary to use for 1031 exchange?
I’m going to list one of my rentals for sale in about a month when the tenant moves out.I will probably net about 60K from the sale (after all transaction fees). My goal is to use about half of this net profit (30K) a...
Jennifer Jackson
Anderson Advisors - C-Corp
Hello!I live in Minnesota and am a new investor and new to everything. I am confused and unsure of what to do. I am trying my best to educate myself, but when there is conflicting information, I second guess everyth...
Account Closed
Softening the Tax Blow of Early 401(k) Withdrawal for REI?
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...