Dan Earl
Is it possible to minimize taxes on depreciation recapture?
Let's say you have 1 rental and no other type of income.Rents after mtg interest, Property taxes and insurance brings income to under 9k and therefore no taxes are owed in this situation. No other expenses for this ex...
Aries Li
How to Pull fund out from LLC after Refinance
Hi,I have accumulated several single family houses in Indianapolis and was thinking about refinance and move them from my name to LLC. Assuming I was about the do a cash-out refinance using a portfolio loan, the fund ...
Jacob Sharp
Tax implications of seller financing on small apartment building
I am in negotiations with the seller of a small apartment building (6 units). The seller has owned the property for a long time and it is fully depreciated. However, before we put pen to paper he is trying to figure...
Drake Taylor
I have lots of equity but very little cash. What would you do?
I bought a primary residence (new build) in 2020 for $255k with $50k down. My residence is now worth about $470k, but I have very little cash in the bank. I figure there has to be a reliable way to use all this equity...
Jeremy Segermeister
New Investor - 55+ Community
Hello,I'm looking to make my first purchase for an investment property. I live in the California Bay Area where home prices are exorbitantly high, making the risk higher than I am willing to take at this point. My goa...
Buddy Holmes
1031 Exchange to a DST Basis Calculation
I have some unimproved land North of metro Atlanta under contract again.This is planned to be a 1031 cash sale. I bought this property in 1968 so the basis is about 1% of the cash out. I had a mortgage way way back...
Mike Prisco
Using Flipping income to improve DTI
Hi all, just a question I have that I've been having trouble finding an answer to. I have flipped 8 houses typically going at a rate of 1 per year with a very good return since I do a lot of the work myself. I have ...
Kin Lay
How does self direct IRA works?
Hi, I am new into this whole IRA thing and need some education on the concept of self directed Roth IRA and self directed tranditional IRA. Please correct me if I misunderstand any of these concept.For self-directed R...
Gregory Stewart
Using Whole Life Insurance Policies to Finance Properties
My first post into the bigger pockets forum. New/aspiring Investor doing my homework interacting with the forum each day. I thought this was perfect question to be my first post. Has anyone used a whole life insurance...
Thomas Blaine
$700 Water Bill Eviction Question
So one of my tenants has a $700 water bill. I sent her a 10 day notice to quit and I am getting ready to file with the city next week. Just wondering if others have had experience with this.
What should I...