Cheri Finkbeiner
Selling 2 rental properties
With the housing market as crazy as it is right now, we have decided to sell 2 rental properties. My son purchased one from us as he was having a hard time finding a house in his price range that would stay on the ma...
Philip Sriployrung
Bonus Depreciation - Schedule E vs C
Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...
Mary Jay
Real estate taxes for foreigners
Hi guys,My friend lives in a different country and she does not have the US citizenship, nor any green cards/ nor wants she to reside in the US.But she does want to invest into real estate here and buy a couple of ren...
Gitit Hefetz
How to calculate capital gains
Hello,
We have bought a house as a primary resident and due to personal reasons Its seems like we are going to need to sell it about a year after the house was purchased. I'm trying to read to read on line but I don...
Jason Lowery
Buying second SFH rental, but a big question going into it
Hello, First question for all of you. Stumbled on a great deal that I cannot turn down for a second rental property. Currently own one property free and clear that brings in $1100 a month. We paid 40k for is and it...
Robert Seger
Gifted Estate - Tax Question
Recently, my aunt did a quitclaim deed to my name. She owns half the property along with a partner she had. My name is currently on the deed instead of hers and her partner has offered $15000 to buy my half out. Will ...
Augustine Chang
Breakeven Strategy for Studio Condo Rental in NYC – Need Advice on Options!
Hi BiggerPockets Community,
I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC. Here’s the situation:
Purchase Price: $540,000Down Payment: 20%Mort...
Dee Xixi
RE: Business plan looking for partnership. Please critiques and bring suggestion
I. Executive Summary
Apanou Management, LLC was created by two self-driven business partners that saw the potential in the current Real Estate market and would like to make a difference as well. We strongly believe t...
Susan Johnson
Start-up expenses– tax conundrum
Hi all,I'm a bit lost, and am really hoping that one of you might be able to help. I'm getting ready to file my 2020 taxes (had an extension), and am struggling to figure out how to handle my 2020 rental income, from ...
Samuel DeMass
Capital Gains - Simplified
Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...