Daniel Delanty
Selling property, want to reinvest and avoid CG tax
BP community, I could use your guidance. We are selling one of our 2 rentals to free up cash to reinvest. We thought about a refi but decided to price it high as the market seems to be peaking and to test the water. W...
Nick De Cristofaro
Partial 1031 Calculations
Hi all,Hoping some 1031/tax experts can help with some questions/verify my assumptions.I've been looking at calculators online to try to estimate my boot doing a partial 1031 exchange. I've completed one property exch...
Hongmei Zhang
Real Estate Property LLC and Tax Preparation
My first post, so please bear with me. I have a rental property in Texas. I set up a LLC last year but yet to deed the property to the LLC. I've set up a bank account for the LLC and started using the LLC bank account...
Jacob Scholes
Structuring a deal from family as a owner financing
I'm looking into purchasing a duplex from my parents. I had been looking into buying it from them next year on VA loan, and they would do a 1031 exchange to buy a new property..since we have an uncertain future with i...
Chris Hodge
Closing cost with seller question
Hi I'm about to get a property under contract for $155k. Now I'm looking to do a double close. My contract that I had my lawyer draft says that buyer pays for a all closing cost but does that also mean their selle...
Parker Sanburn
The Possible Gold Mine Known As Tax Delinquent Properties
Hi everyone! Im 23 and just getting into real estate investing, and wanted to find the cheapest way to start accumulating wealth and I think I may have found it. The state of Alabama purchases the delinquent taxes fro...
Bryan Hancock
New Taxes for 2011 – How Much is Accurate?
Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
Every time we're preparing for a new administration, there's plenty of tax-related noise. The new President is going to do this, do that, yada yada yada.Unfortunately, a lot of financial and tax professionals join thi...
Harrison Russin
Leasing an apartment building
My older brother is an attorney in our hometown, and has a fledlging practice specializing in estates, trusts, and wills. He was approached by a client who owns 100 units in 10 buildings in our native area, Northeast ...
Nicholas Grandstaff
Using my 401k for REI
I’m a complete newbie to REI. This is actually my first post here on Bigger Pockets. I dabbled with the idea of REI earlier in life (I’m currently 39), however, I received mediocre advice and I just wasn’t hungry enou...