Dan Marl
Should I refinance w/ cash-out or use my taxable account?
Should I refinance w/ cash-out or use my taxable account to buy homes?
Hello everyone!
I am thinking of investing in real estate. Maybe in 5-10 years have enough rentals where I can quit my job and do real e...
Michael P.
Lending (be the bank) for a siblings mortgage
I'm considering acting as the bank and lending to a sibling who is buying a house.1) Is the interest I receive taxable as interest income, or can it be considered gifts between family members?2) Do you know of a good ...
TJ Moreno
Passive Income count as Income for my wife to qualify to refi
I am maxed out on my loans. My wife has her property she bought prior to our marriage and is her sole and separate property and only on her credit report. In terms of working, she manages our portfolio of properties a...
Manny Rana
Propety Tax - Taxable Value
Hi Everyone,A few months back, I closed on a 2-unit in West Village and this week I got the notice from the Board of Assessors in regards to the new taxable value on the property. I was expecting an increase, but I w...
Account Closed
Thanks Bob Corker for pushing 20%
i thought 20% to LLC real estate was already included, but thanks anyway! it's odd that nobody on BP seems to really be talking about all of this?
Matt W.
Possible 1031 trap/backfire?
Hi BP,
I've heard different answers about 1031s so I'd love some clarification: (using simple numbers and assuming I hold for 2 years, leaving out depreciation and selling costs, and making the differences in purcha...
Sylvia B.
Tax on capital gains question
Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000. How much tax is owed on the gain?A. $0 because taxable ordinary income is below the threshold level of $75,...
Jordan Shutts
Texas Property Taxes
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...
Yu Xiao
Primary-1yr to Rental-3yr and Back to Primary-1yr taxable gain?
Have a tax related question about capital gain tax exclusion for primary residence (which was converted to rental in 3 years). Year 1: Primary ResidenceYear 2-4: Rentalyear 5: Primary ResidenceIn this situation, I do ...
Carlton Wood
$25,000 Offset Question???
What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...