Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Alex J.
Will transferring title triggering a city tax reappraisal?
hey all. I need the wisdom of this ever so intelligent website to answer some questions for me. My real estate agent, lawyer, and estate planner do not have a good enough response for this so I was thinking of reach...
Greg P.
Tax Question for Rehabbers
Hello, is there a strategy to avoid taxes on rehab flips? I've heard you could 1031 your profits into another house, but I'm not sure if this is the smartest way to go about. Please advise on taxes for profits made ...
Erik Bunch
Does reinvesting crypto gains in OZ defer capital gains tax?
I was wondering if anyone had info on reinvesting crypto profits to avoid capital gains tax. Can you buy real estate in opportunity zones to defer gains tax? Thanks!
Joe Wortham
How to avoid capital gains
Thinking of buying land and building a sfh and selling immediately after. How do developers avoid Capital gains taxes? WhAt is the best way to go about this to sell the home for a profit?
Thanks!
Karthick Bhaskaran
LLC structure for california resident with Indiana properties
Hi Everyone, I need some advice on structuring the LLC's and cost benefits. I'm a California resident planning to live here for at least the next 10 years. I currently own two properties in Indianapolis approx 50k ea...
Charlotte Lucchesi
Investing with an LLC/Corp
It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...
Luis Herna
Help with SELLER FINANCING
Hi There,
let say that a property is being sold at 1M. Seller has 300k in equity rest is on a fannie mae loan. Instead of me giving a down payment, seller will finance the 300K in 5 years and we want to structure t...
Sylvia B.
What happens when buy & hold becomes a flip?
We purchased a house last week that we intend to rehab and then rent. However, if someone wants to buy it before we get it rented, we are not averse to making a quick chunk of cash. So what are the tax consequences...
Jessica Seppo
Tax Question for Primary Residence
Hello!My question is if you sell your primary residence before the 2 year mark, can you still have your adjusted basis to avoid paying any taxes since it would be a breakeven or loss including the improvements made. I...