I have a question regarding taxes after selling a property. Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it. And is that some...

HiI purchased four properties under one mortgage two years ago. I am looking to sell one of them.  Lathe mortgage company told me it would be a partial release. (I hope that is the correct terminology). my questions a...

Can anyone with experience doing an owner carry with a 1031 exchange verify the following?Do I need to use all my equity, plus the cash I bring to close, and put all of it into the replacement property?As a simple exa...

This is a very debatable topic but...I have a self-directed IRA. I have only used that IRA to invest in private notes and hard money lending because those types of investments produce "interest" income which adds to m...

I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange.  Trying to keep this simple and just ...

I would like to get opinions to help me determine my best financial options.I am 59 and last year was forced into retirement and also got divorced.  My settlement was a single family home I purchased for $295,000 in t...

I need some advice with capturing compensation reporting from a flip I closed in 2019. Does the following breakdown make sense to everyone?a) Total compensation = $40,000; breaks down as follows:      ($32,000 = Offic...

Hey all,Very interested in 1031 exchanges.  Does anyone know if they can apply to a pension account?  I'm leaving my position and don't want to just pull out my pension so they can tax me like crazy, and I'd love to u...

Need some help with tax math here.    Wondering if this is a viable alternate strategy to a 1031 exchange?    Here are the specifics:I'm getting ready to sell a rental property (Property A) for about $6.5M next month ...

Here is the situation, we identified 3 properties for our 1031 with the idea of buying two and having a back up. We ended up buying one house to turn into a vacation rental and the two other options were one- a stand ...