Situation: In 2022 I sold an 8 unit complex and did a 1031 into another 8 unit complex and I wasn't able to fully use my 1031 funds. I knew it wasn't ideal for this to happen but I was only willing to purchase a prope...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

I have a tax-related question. I acquired an additional property in October last year and incurred rehab costs in the last two months. Since it’s not my first property, I think I can deduct operating costs on Schedule...

I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...

I'm currently on my first rental that i purchased last year. The purchase price was $170,000. I just received a letter from the city stating that the property has appraised for $177,00. For tax purposes, I'd like to c...

We are looking at building a model where we refinance to pull cash out and return capital to LPs. Typically cash out from a refinance is not taxable but does it become taxable if excess is given to LPs beyond their in...

Trying to structure the purchase of a property at favorable terms for the seller in order to negotiate a lower price.
Property: 2 unit for $300,000 (property is worth $350k)
Seller Initially Bought it for $100,000 y...

Disclaimer: I am not a tax professional, so it's always best to consult a tax advisor for your specific situation.
Investing in real estate can bring about a lot of financial benefits, but it can also have a major im...

I'm currently acquiring single family rental properties for clients in Texas. In my evaluation of these deals I pull the last tax bill to find the millage rate. Should I be multiplying the millage rate by the ARV, pur...

Hello all, I'm new here. I'm reading Real Estate By The Numbers and I had a question: I was reading about Taxable income, which is the amount a property will be taxed in a given year by using the formula [Taxable inco...