Doraine Warner
Thinking of buying vacation rental condo in Puerto Aventuras, MX
It is halfway between Playa del Carmen and Tulum, Mexico. It is gated, secure, a larger resort, with hotels, restaurants, shops, scuba, snorkeling, a dolphin encounter, etc.It has a marina and golf course. Anyone have...
Nadine Massarelli
Capitol Gaines tax: Does it eat away your net profit margin?
Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...
Patricia Vildozo
Taxes for flipping schedule C vs investment
Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...
Phil C.
Whats your buy and hold 'dream team' consist of?
Hi, soon to be landlord and buy/hold investor *knock on wood*I am compiling what I consider my 'dream' team for investing and managing my RE buy and hold portfolio. RE Agent - I am starting out with a solid RE agent...
John Pak
Can I deduct $1200 expense for a property I did not buy?
I incurred about $1200 in expenses in trying to buy an investment property. After many inspections, professional opinions, and negotiations, I backed out because the price was too high vs. estimated renovation costs....
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
Found this site looking for a JD or CPA (or JD/CPA) to answer one question. Sole manager for these (small, < 2.5M in investor funds max) syndications has been convinced by his CPA that the only IRS-compliant metho...
Jordan P.
NPN Joint Ventures - Why 50/50?
I'm curious where the seemingly commonplace 50/50 split for NPN joint ventures came from? Is it simply supply/demand in that this price still brings enough capital to the table to do all the deals sponsors are looking...
Matthew Purvis
Selling foreign investment property
Hello BP,I am looking for advise. I am in the process of listing my investment property in Canada for sale. I will be making a profit on it and I am looking to keep as much of the profit as possible. Of course the pro...
Jason Padgett
Realizing tax benefits while investing in a syndication deal
Curious to understand some of the tax-related nuances with regard to taking a more passive approach through a syndication investment. Specifically, how this type of investment is typically treated for tax purposes (i....
Sean Sheridan
Capital Gains Tax
Hello I just got my first flip under contract and did very well on it. I’m trying to find if there is a way to lessen the amount of capital gains I pay. I never made the property my primary and only had the house for ...