Justin Goodin
Seller financing capital gain tax
All this content with seller financing says one of the benefits is that the seller avoids capital gain tax. But basically the seller is just avoiding paying a capital gain tax all at once and is instead paying this in...
Kip Cline
Should I be a real estate professional status for tax purposes?
What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...
Carlao Albertao
Rental income tax - NJ
Hey all. Potentially looking to rent out my 1BR apartment in the near future. Monthly rental of $1,400 is target. And NJ tax forms say that "net rental income" is taxable, just like income from one's job. So my questi...
Jacob Fitzgerald
Taxes on selling a new build
I want to build a home and sell it.... My question is is there a way I can move the taxes into another loan or something so I don’t have to pay the Fed upfront? AND If I’m building one or two homes a year should I get...
Kadia Lawrence
Using IRA to fund deals and offset penalties with RE tax breaks(??)
Has anyone taken their IRA to fund deals and offset the early distribution penalties (10% and tax bracket) with RE tax breaks? What kind of tax breaks helped (e.g., depreciation, real estate professional status, etc)?
John Marlin
How to convince seller to owner finance duplex?
Hey BP peers! I'm an experienced investor in single-family houses, looking to get into multi-family next. I recently met an investor who informed me he'll be looking to sell a couple duplexes and a triplex in the next...
John Ryan
What is the difference between LLC, Scorp and Ccorp
I am just starting out and part oif my plan is to form a corporation. It will consist of me and my wife. What is the difference between a LLC, SCorp and CCorp? Is it just the taxes paid and structure of the corporatio...
Jonathan Felts
Does Seller Financing Reduce Taxes on a Sale
I am looking to sell a small commercial office condo unit (1728sf) in California. I received two offers one all cash for $609k and the other $625K with $315k down payment and then 5% owner financed over 5 years. I wa...
Charles Johnson
Ever Seller Financed a property? Tell me about it!
Trying to learn more about seller financing! Interested in hearing about seller financed deals you've done and how you've structured your deal.Shoot!
Mahmoud Y. Elhalawany
What is the total tax percentage amount on Flips in NC?
Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks