Christine B.
Can we take advantage of IRS Section 1031 and Section 121
My husband and I bought 30 acres in 1994 (undeveloped) for $119K and in 1999 we built a home on the property for $200K. We have been approached to sell the property to a developer with 3 proposed scenarios:1) sell 25...
Albert Rothe
W2 Tax Deduction with a Syndicate?
I was introduced to the world of passive real estate investing through syndications and there are many benefits that to continue to be shared, including bonus depreciation. I’m new to this world so I don’t fully unde...
Tamar Oranje
Wholesaling in Netherlands legal?
Dear all,I am a dutch engineer living in Taiwan. Started from last year september i started to focus on investing in realestate. I have been reading lots of books and keep listening to the podcast. After a few months ...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Stuart Levine
Tax consequences of assignable purchase contract
I have an assignable purchase contract for two houses as a package. I am sure I can sell one of them for enough to pay off the entire contract, at which point I will own the other house free and clear. My biggest que...
Peter Morgan
Is it possible to carry over bonus depreciation to next year?
Hi,I am considering a syndication investment with 80% bonus depreciation on the first year.However as I understand the depreciation has tax advantages over passive income only but not on regular W2 income.Had passive ...
Carlos Rodrigues
First property on FHA loan, how to purchase second property
Good afternoon BP users! Let me indeed ice myself once again. I'm new to BP and the real estate business, and I'm currently sitting at a Barnes and Noble reading and learning the business to better myself. I'm also ta...
Jeff Cliff
Want to Xfer HSA account and invest the money in HSA account
Hello,I no longer have HSA compatible health insurance plan but have an HSA account from past, which has decent amount of money in it. The current custodian of my HSA account doesn't allow investment in fact it charge...
Sara Bradford
Should I put money in to property?
Hi BP!I own three SFH’s in Toronto (Scarborough area, accessible by transit). They are in rough shape and require major gut Renovations to be rentable/sellablefor top dollar. We inherited the properties through a bus...
Justin Schmid
Should I rent or sell my condo?
I am considering my first real estate investment and need guidance!I live in a 4 bed 3 bath newly renovated condo in the lakewoods village area of white bear lake mn. I am trying to decide if i should rent or sell my ...