Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Anthony Varela
Beginner with rental condo - looking for next deal
Hi BP, This is my first substantial post. I'm looking for advice and possible ways to navigate through the HOT(!) Portland market as a brand new beginner to investing. My wife and I own two properties. Our pri...
Terry N.
Capital gains tax estimator?
Is there a calculator for estimate capital gains tax? I’ve heard 40% of profits as a general rule. I understand there are several variables. Any help appreciated. Thx!
Patrick Sears
Opportunity Fund creation question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Ashley Rothacker
More Complex Tax Deductions for Airbnb Income
Hello! Wanted to discuss the more complex tax deductions for short term rentals/Airbnbs. The two STRs I own are 100% exclusively used as STRs. I'm familiar with all the basic deductions i.e. cleaning fees, utilities, ...
Nephtalie Pierre
I believe the seller agent lied about leak and termite mositure report question.
*Thank you in advance to anyone who reads this because it is so long but I just thought I share as much details as I can..*
I placed an offer on a property on May 6, the same day I visited it. At that time, the in-la...
John C Rider
BRRR Rental Period Cashflow after Refinance
I just purchased my first property and trying to decide whether I should Flip or use the BRRR strategy. I got the house for $111k, and Zillow says the house is valued at $207k. I understand Zillow is not always accura...
Nick Holty
Do i pay tax on the sale?
Hi, I am building a spec home. Its a 2 unit town home and i am going to be living in one half and selling the other half. When the sale takes place it will knock a large percentage off my build cost and i will Cary th...
Weikang Chen
LLC tax as Disregarded Entity
Hi,I just create a one member LLC and trying to add my properties to this new LLC. Since it's a single member LLC it's default to tax as "Disregarded Entity" like a Sole Proprietorship entity(pass-throught income?). ...