Jackie F.
From Primary Residence to Rental - Tax Implications?
I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...
Cole Stephens
House Hacking w/out utilizing investment property tax benefits
Hello, long time reader, first time poster. I have a question regarding a house hack strategy -- I apologize if it has been asked before, if there is a similar post please link it & I will utilize that as a refere...
Russell Johnson
Seller doesn't want to pay capital gains tax on rental.
Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us. He didn't balk at the price but told me tonight after a conversation with his a...
Pearce G.
Cash on cash calculation question
Let's say I'm flipping a property. My all-in acquisition/repair/holding cost was 80K.
Ignoring selling costs, let's say I sell it for 100K with seller financing. And I require 10% down with the rest financed at 5% ...
Daria B.
UBIT? does it apply 4 SDIRA lending
Hi all-I’ve done quite a bit of reading and searching the forum - some posts came close to my scenario but not on the mark. For 3 years I have been JVing with a partner to buy Mortgage Notes (6 plus to 1ur holding) - ...
Manson C.
$25k Passive Loss to Offset Ordinary Income
Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
Edwin Rodriguez
Becoming a Property Manager
Evening BP Community, I have a question regarding property management. This question isn't about finding property managers, which is what I usually find on BP, but rather about becoming the property manager that eve...
Account Closed
Advice on excess 2019 contributions to Roth IRA
Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding...
Gabriel Mortensen
“Gifted” Property in Seattle
New to real estate investing through unexpected scenario. Looking for guidance on how I should approach this from my specific situation. Here is the current situation.
1. Father in law has a home in Seattle worth...
Ryan Rogers
Advice on next Real Estate purchase
Hello BP,I bought my 1st home in August 2017 FHA 3.5% down. Initially just to buy a home and not to invest. However, I have been on bigger pockets and have became really interested in Real Estate investing. I lived in...