I am closing this week on a property I bought a year ago for 50k started renovations well more my manual labor, but anyway I sold it for 103k. I was wondering how do I figure out what to send uncle sam for taxes. An...
Will I still have to pay long term capital gains tax? (just closed on the sale)
Tax question. I am joint owner with my mom on the deed of a rental property. This property has more than doubled in value over the past 6 years through appreciation. Regarding tax basis, is it more beneficial to ga...
I have owned a property for about 4 years. It is not my primary residence and have used it as a vacation property. It's located in FL and the market price for the house is estimated to be $150-175k over what I paid ...
I live in New Jersey and I qualify for the first time homebuyers program. However at the moment there isn't much on the market in terms of multifamily properties (plan is to house hack). I also have my LLC that I'm lo...
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: I need you. You see, I need some good stories to go with the post. So, if you've done a 10...
We currently own 2 long term rental condos in Bradenton, FL free and clear, both occupied and managed by a PM. Rents are $895 and $995/mo and values are approximately $70,000 and $80,000. We would like to parlay thes...
Anyone have experience with Master Lease Options as a means to acquire? Your thoughts would be appreciated!Based out of the SF Bay Area, CA.