I have a neighbor down the street ask me how he could sell his 4 investment properties and not have to pay any capital gains tax. I thought do a 1031 like kind exchange but he is 75 years old and wants to liquidate hi...
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Hey Guys, So I’m a noob & trying to learn everyday. What I’ve been trying to understand is how Real Estate is so great for taxes. I’m planning on getting a rental property & was wondering what tax benefits do ...
I have a client that bought a primary home for $100K in 1989 and the home is now worth $1 Mil. They have divorced in that time period and own the house solely now. They have put about $50K worth of improvements into...
Hello BPs community, thank you in advance for any thoughts shared.
I just sold a rental property which had quite a bit of equity from appreciation and principal pay down through the years. I have it all set up for a...
Hello, I’m hoping there is a CPA in BP who can help me explain the 2 scenarios below to a seller. ***The seller has no debt on the property Offer 1: $375,000 (Bank Financing)Offer 2: $375,000 (Seller Financing)- 10% D...
Hello again BP,We are considering finding a home and Move-in/Flip/Sell/Move-out in roughly a year, maybe less depending on how well it goes. I am not understanding the capital gains tax for Minnesota. Am I taxed at my...
Hi everyone! I'm new to Bigger Pockets - Does anyone have experience investing in Qualified Opportunity Zones? I am from New London County, grew up in Norwich/New London, and own a multifamily in Mystic, CT. My busin...
Hi All,I am looking into my first syndication deal and if I was curious what tax benefits apply to someone who's about 3-4% on a 1.8mm deal that includes an 18 unit apartment and 6 air bnb's? I would love to be able t...
Can you use your Roth IRA to buy your first rental property? I was curious, I been putting a lot of money into my Roth but also saving extra funds on the side for strictly Real Estate . Please comment below some strat...