Raju Balakrishnan
Buying SIP panels directly from Suppliers in China.
I am in planning phase for a cottage style small resorts in California. Planning to use OSB SIP building for small units of size 900 sq: ft, primarily for fast build and energy efficiency. Sourcing directly from China...
Mark Beekman
Can Gain from Jointly Owned Property Be Designated to One Owner?
My wife and I are looking to purchase a SFH to rehab and flip. We want the gains from the sale to go to me for tax purposes. We originally had the idea of me buying the property and having the deed solely in my name, ...
Sam Brown
gains on land sale and purchase
Hi, I have a primary residence on a large piece of land. I'm selling a lot from it (say for $300k) and at the same time buying an adjacent lot (say for $100k). How does capital gains work in this case? Can I claim...
Pat Goodyear
I can't get a straight answer...
I have 16 rental properties. I have one under contract now. My basis is $78k and my sale price is $190k. My carry-over passive losses are $147K from all the 16 properties. My MAGI is >$100K; so I am having carry-ov...
Jake Waslaski
Should I sell the property under 1031 or not?
Okay I have a little over 200k in equity on my first rental house. I plan to use the equity to jump into a larger complex. I have looked up and studied 1031 exchanges for a while now knowing I’ll be selling when th...
Stephen Grindle
Using a Self-Directed IRA to invest
Hey friends, I'm considering using a Self-Directed IRA to invest in a short-term vacation rental. So two questions: 1. Should I transition my current Traditional IRA to a Self-Directed ROTH IRA or keep it as a Self-Di...
Jim Vinh
Selling previous rental property - need help with decision
I have a SFH that I have rented out for 9 years. There is quite a bit of capital gain on it (about 500K). I am thinking about selling it now that I am about to retire (and the market is high). If I make my this rental...
Jeanne Hagan
advice on my duplex, keep it to rent, or sell using 1031 exchange
Soon I will have listed my duplex for sale in Boston Mass. House is valued at $650K and when all is said and done will walk away with $600K in cash after closing. I want to buy another multi-family closer to where I...
Chris Martin
UBIT only applies to property held <12 months?
Seems to me, reading the instructions for form 990-T, that UBIT only applies to assets held less than a year. In the instructions for Line 4a—Capital Gain Net Income, the IRS says:
Generally, organizations require...
Ashley Cao
Opportunity Zone for Investment Property
Hello BP-ers! I am looking to purchase a buy and hold property for cash flow and see there are some properties for sale in Opportunity Zones. What does this mean to me as an investor? What should I be aware of? Are th...