Paul True
Vacant Rental Sold Not held out for rent during sale period
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Brandon Wells
1st Multifamily Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $315,000
Cash invested: $110,000
Sale price: $550,000
Asset was owned and ran by a mom & pop who held...
Jack Tucker
Found deal (I think), now the $$ finds me? 1st "Fast" Flip. HELP!
Existing rental property rehab, buy-and-hold guy wanting to get into flipping. I'm an BP podcast graduate. I keep hearing the advice to focus on finding the good deals and then the money will come.
Question...
Samuel Johnson
Tenant deposits into LLC which holds no title to property
Hi Biggerpockets!I recently closed on my first investment property in my name and will be renting it out soon. What I would like to hear from you is a.) what banks/software etc you initially chose to use for tenant de...
Mike Callahan
Strategies for paying off debt
Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
Wylie Freeman
Best way to get around short term capital gains
I have a client that sold his land and would like to use his 1031 exchange to buy his mothers land. She bought it less than a year ago in September. Is there a way we can work around her paying capital gains?
Sherri Schmonsky
Stock gains into 1031 exchange?
I have publicly traded stock which I'd like to sell without getting hammered on taxes.Is there anything equivalent to a 1031 exchange which would allow me to roll-over capital gains from the stock sale directly into a...
Sara Barb
LLC As “Property Manager”
My husband and I just purchased our first investment property, a little run down 4-plex that we will manage ourselves. We were hoping to use this strategy we came across from Scott Smith here on bigger pockets:
https...
Fred Hess
Should I form an LLC?
My Situation: My father and I are in the process of purchasing a turnkey SFH rental property in New Jersey. We are splitting all costs and profits 50/50. Our intentions are to buy and hold the property long term and c...
Account Closed
Who knows more about these opportunity zones?
I've been hearing a lot lately about these new opportunity zones (from the most recent tax bill). Anybody want to help me wrap my head around it a little better?