Peter Mikhjian
Rental Property Sale + 6 Figure Capital Gain = Huge Tax Liability
I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...
If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of th...
Clifton Jones
Need Creative Ideas for Financing Property
My partner and I usually focus on short sales, but today, I received a call from a Seller who owns their property free and clear. The property is in an area we work with and the current asking price is comparable to ...
Account Closed
Tax Saving Strategies in Real Estate Investing
As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
Justin England
New Alaskan investor
Hi everyone, I'm an Alaskan just beginning my real estate investing journey. I plan to purchase and hold quads/tris/bis and house hack.I'm a veteran and fortunately have a very good friend who is a RE agent who is als...
Bill Gulley
How Many Investors Have Related Financial Sales Experience?
Just wondering, how many RE invetsors have had or are involved in sales of other financial products? Insurance sales, bank PR/marketing, stock brokers, financial planners?
How has that experience played on your RE in...
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
Randy Ceballos
Does house hacking single family home count as renting experience
Hello everyone,Does renting a room out with a year lease agreement actually count as "renting experience" to a lender? -I have been currently renting out my extra bedroom in my current home for over a year now. The re...
Gjon Rexha
Capital Gains TAX Avoidance
Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the...
Cary P.
Exit Strategies to minimize taxes?
Hey Folks,My husband and I are planning ahead in this crazy real estate market. Do you guys have future strategies that you are looking into to get out of real estate? I'm not talking 1031 into some other property, ...