I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?
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Hi all,How aggressive is San Francisco in marking up the taxable value of a property after adding an ADU? I've a duplex I bought 2.5 years ago. It's worth more than what I paid for it since I renovated the unit I live...
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If I were to buy a 2 bed condo to live in and rent out the other room, would I get the tax benefits of it being a rental? Specifically, would I get to claim depreciation, write off the HOA fee, etc.?
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Hi BP forum,
Hope that everyone is doing well. I am trying to evaluating the DST option as part of a 1031. Does anyone have recommendations on Good DST Broker that I could connect to and discuss further?
Chee...
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I'm curious to see how many properties people have purchased before they ended up selling their first one.
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I live in New York, and have family in PA, NJ, and FL.I have a family of about 25 members who would like to pool their savings into one account, and each member would like to have the option of putting their savings i...
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I'm curious what the differences are for tax implications for a straight flip vs. a BRRRR? My understanding is that any profits from a flip will be taxed at my personal current tax rate as income. However, if I'm refi...
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Well I am a complete newbie but learning a lot over the last three months. I think I am finally ready to get in but could use some advice and lessons learned. For now, I am looking to buy and hold as opposed to flip...
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I went to local REI talk on self-directed IRA investing. Do you think it is worth converting a traditional IRA and investing in real estate via that vehicle? Thanks. Steve
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I was told that if you or your spouse is a real estate professional and you own real estate, you benifit from it?? Is this true and what all does it mean. Thank you