Dale Line
Rent first then flip?
I've been considering a strategy of buying properties that I can rent out (with minor rehabbing), continue improving the property while it is a rental (taking advantage of the business expense tax deductions) and then...
Megan Arzt
Is this the time to repay my 401k loan?
A couple years ago a took out a 401k loan. I am considering paying this off now while the market is low (it had been so high I was holding off). I'm hoping that if I pay it off now it will ride the market up when th...
Adam Beaumont
DIY taxes through TurboTax, or use a tax professional.
This is my first year owning a rental property. Therefore, this will be my first year doing taxes on the property. I only have the one property. What does everyone recommend on filing the taxes? Use a tax software...
Priscilla B Walker
*Incorporating in Wyoming*
I've read that Wyoming offers the best asset protection for real estate investors (with assets outside of the state). Does anyone have a recommendation for a WY registered agent company? Thanks in advance!
Dave McEvoy
What should i offer?
I made an offer on a vacant house and agreed to $67,500. I then tried to renegotiate to $58k as I believe the furnace needs replacement. They countered with $66k "take it or leave it" I followed by calling the county ...
Alexander George
Setting Up Your House Hacking Situation to be Tax Efficient
What are some of the pointers from a tax and expenses perspective to consider for a married couple that is going to buy a 2 family, with the intention to owner occupy one unit, and build a portfolio over time?
Jj Horst
Interesting situation. Possible to avoid cap-gains tax on rental?
So my wife and I owned and lived in a duplex here in Austin TX from 2015-2017 (just over 2 years). We then moved to a new duplex and rented out the original one. We are now selling the original duplex in order to fund...
Ray Slack
Upset Tax sale in PA Pennsylvania Odd situation . Any experts?
So, I have a bought a few Upset Tax properties over the years and most of are "Clean" type tax sale purchases. I have an odd one that I had some questions about.
In pa you pay taxes on land and homes and sometimes ...
Jeremy H.
unusual situation: not sure if I own capital gain taxes?
If the property sat vacant for most of 5 years do I owe capital gain taxes or not?Here is requirement on intuit site in order not to owe capital gain taxesYou owned the home for a total of at least two years in the fi...
Frankie Azhocar
Weird Tax Situations Help-Living in attached ADU/Renting House to Family
Hello Biggerpockets,Wanted to see if someone could point me in the right direction with my situation. I built an ADU (attached to the top of my house) , which I live in, and I rent out the house (down below) to family...