Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
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Got a tax assessment notice in the mail today. Basically says it’s not a tax bill but that assessments are done every four years. There is a way to do an informal appeal and then an actual appeal. I don’t know that...
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Hey y'all. Finishing up on a flip and the plan is to use the proceeds to cover a good chunk of our kid's tuition bill. Trying to figure out the best way to set it up to avoid taxes as much as possible.If we just give ...
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*This link comes directly from our calculators, based on information input by the member who posted.Found this potential gem while practicing analyzing deals. Not sure if the numbers are ...
Hello BPs! How much is the closing costs in general in PA? by county/area etc.
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Does anyone know if you can take a HELOC on a single family home that you own in your Solo 401k? And if so, who are some good lenders out there that offer this type of HELOC? Thank you!
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My husband and I formed a LLC to hold our soon to be acquired rental properties. I am now in process of registering for a federal EIN. I put the number of members as 2 but the government website is saying that we wi...
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Had a chance to go to the Self Storage Convention in Las Vegas this past week. Although there were many things that interested me from the vendors and the conferences, the best one was an "Asset Protection" seminar I...
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Hey Biggerpockets family, I've got a property under contract in Alabama at a price that works for me and my end buyers. After running the title search, the title company informed me that the seller does not own the ti...
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Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...