Hello real estate peopleI have a situation where this year i have to pay to the IRS on taxes..Situationmy AGI income is 160k....work In IT for a big corporationi have 9 houses, i maxed out the deductions...repairs, su...
I don't know if this is relevant, but I am new to the real estate game, and learning as much as I possibly can. I am planning to close on my first rental property by the end of this month. For the past year and a half...
Hello BPers,I own a rental property (single family home) in CA bay area, and I was looking into doing a 1031 exchange with a larger property as a way to upgrade income. But on second thoughts, after years of being a ...
Specifically for the purpose of acquiring, improving, and renting out property in what we would consider Class C/D areas?
If so... would love to brain pick...
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
As someone with a full-time job and W2 income in a very high tax state I have been looking at ways to maximize my tax deductions. As part of this strategy it was suggested I look into land conservation easements. Howe...
Hi,My sister and I rent a property that's in a Revocable Trust. Our tenants have given notice and will be out by 5/1. Being an 87 yr old home, I would like to sell the property. She and her husband have been hit hard ...
I need to find losses for this year to offset some gains. I have a house that I don't care for, and my basis is $48k. I am already will to let it go for $40k, but its hard to find a buyer in this neighborhood.
Ar...
Hi BPers 👋I'm calling creative minds here to bounce ideas around a house hacking opportunity.The building: San Francisco based 3 unit building. I'm renting out one unit and the owner does not live on site.The opportu...
Just got off the phone with a client who is currently in negotiations with a non profit about buying 7 properties off them in Thousand Oaks, CA. He is saying that he is selling to a non profit and is not interested in...