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Hi all - I invested in a short sale home 2 years ago, which gave me immediate equity upon closing. Since then, I have added additional value through updates and repairs. I have lived at this property, so I will be get...
Hi all,
I was hoping I could get some general info about taxes from note income and how everyone here handles it.
I'm getting into creative financing, and plan to originate several notes (yes, I'm aware of Dodd-Fran...
Hello everyone, first post on the website. I just recently purchased my first property in Houston (325k), 3 bedroom 3.5 Bathroom.I am a single guy, so I will be renting the two rooms of the house to two friends. Pros...
Hey guys, I got married this year and I’m trying to find my first real estate to buy. Because of the amount of standard deductions I will now get, I was thinking that taxes will be better if I get depreciation instea...
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Does anyone out there understand the ins and out of the new “opportunity zones”?Las Vegas has chosen at least 5 new ones here in the valley. It sure sounds like you can 1031 exchange in to property in one of these zon...
I hate to be a downer, but with a significant overhaul of the tax code recently we are seeing first hand some RE investors (and individuals) get hit with huge tax bills and sometimes penalties. There are tremendous b...
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I can't say enough times how much I LOVE Bigger Pockets and the fact that I have a place I can come to and ask these questions without having to weed through articles on google from potentially unreliable sources. I n...
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It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
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I brought a house for $32,000 in cash. I put $10,000 in renovation. If I sell the house I know I can get at least $100,000. I was wondering is it best for me to sell the house and pay high capital gain taxes or take t...