Lilly Fang
cash out refinance investment property? any tax implication?
I have a rental (market value close to 400K) with 100k mortgage left. I don't want to sell it right now, but want to get some cash out of it. Can I do cash out refinance on this? Is there any tax problem now or when I...
George Lay
Saving Money in Canada to maximize your downpayment.
I’ve been teaching people this for over 20 years. Here’s the answer. You should save your money in this order to maximize your savings…. 1. Leverage2. RRSP3. TFSA4. Non-registeredOf course it depends on your unique ...
Patrick Woodard
Cash out Refi tax implications
Hi, I've been a longtime member (lurker), but this is my first post. I need some advise on what to do with the proceeds from a property I am selling. Here are the details:My business partner and I bought two fourple...
Flavio Espinal
Capital Gain into a New Rental
Hi BPs,If I flipped a property, and use the entire gains from the sale to buy another property but that second property I decided to do buy and hold.Do i still have to pay taxes on the capital gains from the first pro...
Celia Moore
New Threats to Section 1031 Like-Kind Exchanges...
In our almost 30 years of time in the 1031 Exchange business, we have had at least a half dozen serious attacks on Section 1031’s existence. Although the 1031 Exchange has been in existence for almost 100 Years, it is...
Sean Morrisey
I got a $1M offer on a 16 unit building and I need to 1031...help
Received a $1M offer on a 16 unit building that I purchased back in March - leaving me with a nice profit.However, I am expecting 30% in short term capital gains between the state and federal and a prepayment penalty ...
Lynn Z
How to 1031 1/2 of sale of real estate
A CPA (QI) told me you can roll a 1/2 interest in real estate if the partner doesn't. How does that work? The replacement property would only have to be 1/2 of the sales property amount of the relinquished property?...
Jeremy Host
Taxes, W2s, and Deal Anaylsis
For those of you out there in the BP world that are doing flips and still have a W2 job. Are you projecting the income tax and self employment tax as part of your projections in each individual analysis or are you wor...
Brant Richardson
401k owns LLC that invests in real estate?
I talked to a representative about making my 401k self directed to invest in real estate this morning. He said I can not invest directly in real estate with a sd401k but I can invest in an LLC with the sole purpo...
Cheri Lynn
Oppurtunity Zone Advice
Hello, I am not an experienced landlord/ investor. I made huge capital gains this year due to selling a condo in San Francisco. I'm just now finding out about his opportunity. I wonder if anyone can help me?
1) Is it...