Question.
If I️ sell my home do I️ have to pay capital gains? Can I️ use the money to pay off some cc debt? Do I️ have to roll the proceeds from the sale into another property to avoid paying taxes?
I’ve never sold...
Hi Everyone,If you invest in a syndication using funds from your self directed traditional IRA can you take advantage of bonus depreciation to offset any taxable gains when you withdraw or convert to a Roth IRA? Thank...
Wanted to discuss the investment strategy of a long time successful RE investor. He's a BP member and I've enjoyed reading about him. He lays out a very simple investment strategy that, on paper and over the long term...
I'm trying to brush up on what the benefits of owner financing are for a seller so I can list them for him. I plan to make an offer, but it will be for quite a bit less than asking price. It's the only way the prope...
Hello,
We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.
Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...
Hey BP Family!I hope everyone is preparing themselves for the future and ready to make the best of it. This question has been on my mind a lot recently and I thought I'd share. Can someone break down the benefits of s...
My dad flipped a house that I would like to buy. He is willing to sell it to me at cost. I've been putting away about $500 a month to save for a down payment on my first investment property. Because he owns it free an...
I'm 23 years old and I'm just starting out in my career as a real estate investor. I've taken a few classes, read a few books and talked to a few people about different types of investment strategies and I am now read...
We did a 1031 exchange into a 10 unit apartment building. The property is underperforming the other properties in our 40 unit portfolio. We've been consolidating our properties closer to our home location. This is...
I’m a rookie RE investor who’s new to BP and looking for some guidance.* First, though, I have to say that I’m amazed by the depth of knowledge on BP and the willingness of the community to give helpful advice in an o...