Joy Fuchs
Tax advice- Selling rentals to pay off mortgage on other rentals
Have two SFR outside the county I live in and would like to sell both properties and use gains to pay off a mortgage on another current rental closer to home. Would love advice on the best strategies, if there are any...
Kevin S.
CFP or CPA
Hi BP members,I want to use my 401K for REI. I looked into SDIRA but prefer to do a Roth conversion (pay taxes) and then invest in RE within the Roth. I am able to withdraw without penalty. Has any BP members done ...
Charles Wesley
Selling RE - how can I minimize tax burden? something like a 1031
This is my first post folks so I hope I'm in the right place. I sure do appreciate hearing other perspectives from all the creative minds on this forum so thank you in advance!I have a vacant parcel of commercial lan...
Londell Reedman
5th year of unpaid taxes
hello to the BP community So I have a friend that's approaching his 5th year of unpaid property taxes. He does not plan on paying either... The single family home is worth 200k. I offered to pay the taxes of 6k. what'...
Ross Shively
1031 exchange then sell to avoid taxes
I have a property that I have had for 10 years. It has increased about 150k in value and I have captured depreciation on it for 8 years. If I pay capital gains on the 150k and the depreciation pay back it will take mo...
Shafi Noss
Tax Questions: What are the Tax Benefits for Passive Investors?
Hi everyone, I've been trying to puzzle through the tax situation for passive investors and thought I'd ask you all for help.
It seems like the main incentives are depreciation and capital gains. An LP using depreci...
George P.
Pros of selling with owner financing
What are the cons of selling with owner financing vs. Selling conventionally?
I want to try to market to long-term owners of rental properties and see if I can buy some with seller-financing.
Thanks
Andrew Butler
Rich Dad Poor Dad Question on taxes
Hi everyone,This is my very first post and i have a few questions. I just started listening to the bigger pockets podcasts and i am now obsessed. I love learning and trying to educate myself. It quickly became evident...
Michaela G.
Really difficult title situation
So, I've had my eye on this triple-lot in my neighborhood in Atlanta. This is going to get complicated, so, please bear with me -).The lots were sold in 1904 - 2 of them to the husband (A) and 1 to the wife (B).B die...
Kyle Scholnick
Buy Commercial Property First or Start LLC
Two part question: 1. I am looking to purchase a commercial office space all cash. Is it best to buy on my own first and then form an LLC and transfer property at that time? Or is it best to form an LLC first and then...