I've got a lot of equity built up in a property in CA that I'd like to access to remodel my primary residence, but if I sell it, I'm going to get slammed with taxes on capital gains and depreciation recapture. Does a...
I may have the opportunity to purchase a 4-plex in my desired area. When I spoke to the owner on the phone, she expressed a desire to avoid capital gains taxes.She has owned this place since 1975, when she paid $67,00...
I have a friend that his mother has around 900k in investments ( stock market, retirement and savings account) and owns no real estate. Should she set up a trust? She shouldn't have to pay probate correct? I know ...
First post – wooohooo! Hello all. I have been in the multifamily business for quite some time now, but never as an investor. I work for a large multifamily lender, and I’m on the asset management side of the house....
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
Hi all,
My husband's employer gives an option when they hand out bonuses- you can take the cash or you can take it in stock. He is wondering, if he takes the stock, what would the tax implications be if he sold the ...
when I file I am adding sched C - do I continue the same depreciation formula on sched Ewhat changes do I need- most income on 1099- misc
My parents inherited 50% of my aunt's property when she passed. The house is paid off, however it is in desperate need of some repairs and maintenance. My parents would like my family to move into it after the repairs...
Good Morning BP, I've been searching the forums in hopes of my answer but no luck, yet. This is my loose understanding: I was told by some investors this weekend I could borrow the equity in my investment property to ...
Hi I currently have a portfolio deal in my pipeline where the owner is interested in selling his 14 units portfolio at $1M and was thinking to 1031 exchange his 1M into a bigger property so he could avoid capital gain...