Todd Tripp
Does land contracts/owner financing qualify for tax free gain?
Does anyone know with certainty whether or not selling a home on a land contract/owner financing would qualify for the tax free gain. Meaning the equity/principal and not the interest. Whether it be in installments or...
Rick Camacho
Nuisance liens & back taxes on Jacksonville property- for FREE!
Hey BP community! I am in negotiations with an Out of State property owner that is trying to get out from under a property. The owner and spouse bought into a property several years ago they found on eBay. Anyways,...
Rob Brennan
Is offering month's free rent to 1st responders tax deductible?
I have a new 10-unit apartment building coming online June 1st, and my bank has extended my interest-only loan until November before converting to P&I. The building is 1/4 mile from the hospital, police station a...
KeviMoni Allison
TAX FREE CASH OUT $127,000.00 USD converted B&H to LLC
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Kalaheo.
Purchase price: $555,000
Cash invested: $19,000
We bought this in 2012 with a VA Loan and 2% down and closing cos...
Phong Lam
Can Self-Directed ROTH IRA purchase R.E. with tax-free?
Hello BP Community,How are you? Hope all is well! I'm a fairly new member on the BiggerPockets.I just have a question for you regarding how to use a ROTH IRA funds to purchase real estate properties. Since all funds a...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make X a year. You ...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
Account Closed
Using tax deductions to own a country house for free?
Hey guys, I’m in Quebec, Canada and looking to purchase a cabin/country house for personal leisure purposes. But I’m thinking; if I rented it out a let’s say 2 weeks of the year, can I claim the other 50 weeks of the...
Ryan Luby
$55,000 tax-free profit on our first live-in flip!!
Investment Info:
Single-family residence fix & flip investment in Seymour.
Purchase price: $165,000
Cash invested: $18,500
Sale price: $215,000
This was a live-in flip, we were able to keep t...
Craig McCarter
Should I cash out and take the tax free money?
Hi BP Forum,I am new to the BP community, and am interested in any feedback you may have. I currently have one rental house in Charlotte, NC. We lived in the home for 4 years. during that time we were able to save eno...