Cisco Hood
advise on if we should sell or wait to avoid taxes
Hello everyone! I would like some opinions or advice. Here is me and my wife's situation We bought our townhouse for a little over 60k and closed in September of 2016 (and this is our residence) our HOA is $125 a mont...
Vilena G.
Should I move into the my current flip?
Hi Biggerpockets family!We are remodeling a flip, it's a big project and with all this virus going around doing a lot of job at the house ourself. We need at least 2-3 months to finish the house, and my lease at the p...
Robert Spence
Real Estate Investing company for tax advantages..?
Hello everyone, this is my first post on the forum, but I have been reading an learning from many people on this site for quite some time.
So im tired of giving the IRS all of my income, and I have been reading about...
Dakota Mivshek
Canadian Capital Partner for flips & investments - how to structure?!
Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...
Nathan K.
Calculating My Buyout as Partner
I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...
Ashton Ferrazzo
Depreciation = 0 Taxes (Conceivably)??
Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
Margaret Feit
Depreciation Recapture upon Sale that includes Personal Property
Hi All, I'm trying to wrap my head around planning for capital gains and depreciation recapture if I start to sell some appreciated property within the next few years. I'm also trying to determine whether to take acce...
Johnoson Crutchfield
How Real Estate Has Changed My Life? How about you?
I used to be a full time teacher and school principal. That meant giving every bit of my days to my job. Before real estate, I got paid on the 1st and 15th of each month. I was even lucky enough to have a wife who wor...
CL Ziegler
Better to pay off loans, or keep a permanent note?
Hi everyone…
I see people on the boards here speaking about paying off mortgages on their rental units, as if that is a desirable goal. What do you think?
My first influence in pondering owning rentals ...
Andy Kogut
Dallas vs Houston
Anyone here with experience rehabbing in both Dallas and Houston? Are the margins about the same or do they differ? Which do you prefer?