Michael John
Sell or hold? Sec 121 exemption window closing soon!
Two-family home in HCOL area worth $1M
$500K owed on mortgage
$3500/mo PITI
$6000/mo rental income
Have opportunity to sell now; unit 1 would be exempt from capital gains tax via sec 121 exemption (lived in 2 of ...
Anjali A.
Need Advise on HELOC
Hello fellow investors and PRO's I am looking to add another rental to my portfolio. I need advise on if I should buy another rental with a new home investment loan or is it better to get a HELOC. Thanks so much.
Calvin Schmeling
How to have my wholesale llc taxed
I currently have two LLCs. I have my Wyoming holding company and that owns my wholesale LLC that's owned by me and my partner. How do I have them filed as? I am new to the LLC world and I hear a bunch of different thi...
Sam Dal
Passive RE investing and unallowed losses
Guys - this is regarding investing passively in multi-family. Can you take unallowed losses accumulated for a property directly against capital gains when the property is sold? In addition, am I accurate in stating th...
Scott Henrikson
Looking for suggestions to minimize taxes on flips (no 1031)?
I’m a real estate agent that flips houses as well. I was looking for ideas to minimize my tax impact without using a 1031. Thoughts?
Michael Ramzy
To Incorporate or not to Incorporate? That is the question!
Hi Guys, I'm from Ontario canada and I'll be closing on a property in New York in the next few weeks. I'm not renting the property. It's going to be a second residency. It's less than $200k. So the question; what is t...
Carole G.
Want to sell home to tenant. Does 1031 come into play?
We own a home that we have rented out. We are considering selling it to the tenant. Does a 1031 come into play? Are the payments considered income on your taxes?
Joe Boggin
Rentals and write offs
I make 50k a year and my wife's makes almost 140k. Besides our primary home we don't have much to write off and we are getting murdered every year with taxes. We were going to get a couple rentals just for the writ...
Account Closed
Southern California home sales crash - Corelogic
Southern California home sales crash - Corelogic (Nothing to see here, move along) ;-)Are we at the tipping Point . . . ????"Southern California home sales hit the brakes in June, falling to the lowest reading for th...
Will Costello
Lump Sum Investing or Pay off Rental Home
I have a rental home with approx. $87k remaining on the mortgage (6% rate, 20yr, currently at month 57 of 240). I will be receiving approx. $91,500 tax free; more than enough to pay off the mortgage immediately.
I wa...