Aaron Davis
New in Tulsa area
Hi everyone,
New to biggerpockets (found through Danny Johnson from flippingjunkie). I'm somewhat new to real estate having one "slow flip" under my belt, and another underway. I say slow flip meaning we live...
Tyler Parker
Capital Gains Question
Hi BP! My question is if I sell my house will I have to pay capital gains tax? From what I have read so far I don't think I will have to. What I have read online is if your profit on your house is under $250,000 you d...
Jon Burns
My Tenant has Cancer, rent is late...now what do I do
I was hoping to get some suggestions from fellow landlords and property managers on how you might approach this situation.Tenant has been with me for almost a year. She is nice older lady, that has taken good care of...
William McSheffrey
Worcester/NH/VT/ME Real Estate Opportunities?
Hi everyone,
I’ve been a BP member for some time, where I’ve read many BP books, listened to most episodes of the podcasts, and established a relationship with a real estate agent who has taken me to a couple open ho...
Bryan N.
Tax question regarding converting primary into a rental
My primary residence will be paid off in less than two years. At that time, I am going to purchase another primary and rent out my current one. The house will need new windows and a roof within the next five years, ...
Just Don
how to value one of a kind land sale
This used to be a trailer court till it died of old age and didnt meet new water regs and septic issues.
It is ADJOINING the city's water treatment plant. This was here first and they come and muscle everything in a...
Krystal Ahn
Partial 1031 - New York City
Hello,I am planning to selling my investment property in NYC cost $721,000est. selling price $1,000,000mortgage left $350,000accumulated depreciation $100,000And buy an investment property with a value$400,000The rema...
Ryan Kinsella
Primary Residence / Capital Gains Questions
Hello Everyone,I have a friend selling his primary residence a little sooner than anticipated and wondered if anyone had come across capital gain tax issues in the past. Here are the facts:- Closing date for current ...
Adam M.
Capital Gains Limit for a Flip?
Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flippin...
Lori Sullivan
IRS deduction rules around STR purchase to listing
I am having a hard time finding if IRS has rules if there is a time limit (purchase to in service date) on what can be deducted.
Scenario - STR home purchased in August 2023. working on home to set up for STR Augu...