My father in law owns a lake house in Louisiana that they do not use anymore. Obviously it’s a good time to sell and he’s thinking he can get $650k. He built it 15 years ago and honestly doesn’t remember what it cost ...
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Hey Everyone,
I have a seller who wants to sell because they are worried about potential higher capital gains taxes after the 1st of the year. I mentioned seller financing and the seller said that he would not want ...
I have a property that I have had for 10 years. It has increased about 150k in value and I have captured depreciation on it for 8 years. If I pay capital gains on the 150k and the depreciation pay back it will take mo...
Hi everyone, longtime lurker but first time poster.I have a lead on a great value add storage facility. 130 units, 40 containers, RV spots, a house to rent, and a warehouse bay...plus extra space to expand. Original o...
Hey there! So I am looking to try and build capital through doing a few small flips. How do most handle avoiding paying taxes profit, so that it can be used on the next property? I would be really interested if there ...
i'm selling 3 of my rental properties that i have been holding for 3 years.my question is , if i'm buying a bigger residential house first, and 4 months later this year, i sold these 3 rental properties, and use the p...
OK so wholesaling in Pittsburgh,pa is like having long hair in the 60's either people hate it or don't understand it. even lawyers and people in the industry and getting guidance from anyone here is tough. I'm trying ...
Hi friends! Florida newbie here again. If I want to sign that “1031 Form” to avoid capital gains tax..how far in advance to the closing do I have to file that? I’m putting on the market in beginning of November when m...
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...