I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
I converted my primary residence to rental in Dec 2014. In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...
So I recently attended a weekend real estate seminar and was wondering if the 1031 exchange benefit can be used in flipping? My strategy is to raise capital to invest in more long term buy and hold purchases. And if y...
I am looking for insights or groups that exist in the area for off-market properties in the area from Clairemont, Rancho Santa Fe to Encinitas area and even Allied Gardens or Scripps Ranch. I am looking for a lot (sma...
I sold my home several years back and am holding the mortgage secured bond for the ramainder. I paid my capital gains tax on the portion of the selling price collected. Obviously if I receive the remainder of the sale...
I have a prospective buyer interested in a Lease-Option on my property but we're having a hard time coming to terms due to differing goals. He wants to keep payments down and have a long purchase period. I of course w...
I would like to buy a property, rehab and flip.
The situation: The owner/daughter inherited it from Mom and Dad, the property is free and clear. The property is vacant and the owner doesn't intend to ever li...
I closed on a multi-family 203k project in Chicago that I am house hacking. Since I will be occupying, I understand I can only write off a portion of the expenses (presumably 75% since there are 4 floors and I will li...
I recently started up my S401K and would like to utilize a portion for Real Estate investment. I would like to start relativly small, around $50K. Participating in crowd funding has it's appeal to me but not being a...
Hi bigger pocket,Hope someone can help with insights on the situation. I sold my precious business for 1.5M seller carry. Buyer made the down payment and is keep making monthly payment. Remaining balance is 1.2M payab...