Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...
John Alosio
Depreciation Recapture with low capital gain.
Hello BP family.I'm here today with a tax question relating to the sale of a rental property.I have a property under contract right now, my sale price is right around my cost basis.For depreciation recapture, I unders...
Chad Clanton
Flipping a home after living there for one year...legal/tax questions
Hello again everyone, and thanks in advance for putting up with all the newb questions! My wife and I moved into a 2007-built home in a newish (post-2000) subdivision about this time last year with the intent of stayi...
Andrew Lisi
Using IRA for Down Payment? Good idea?
We are looking to purchase our 1st investment property. As I'm learning more, I want it to be a 2-4 unit multifamily home that we would "house hack." We don't have enough savings for a down payment in Chicago (city pr...
Kyle Stratton
Title Insurance on Tax Sale property
I acquired a house by a Sheriff's Deed at a tax sale for unpaid taxes here in Texas. It was not a homestead, which limits the redemption period to 6 months. As a homestead in Texas it is 24 month redemption period.Q...
Brett Goldsmith
1st DOT Note Purchase / Foreclosure / IRS tax Liens
Hey BP!I'm in the process of buying a 1st DOT on a property that has fire damage. The property is riddled with multiple liens and has 75,000 in back due property taxes. It also has some government tax liens ( IRS ) in...
Adolfo D.
Thoughts on using name for LLC.
Hello BP community! What are your thoughts on using your own name, or nicknames in your LLC company name? I've heard mixed responses.
Randy Willson
Getting started with short term opportunities in VT, NH & ME
New member here and interested in short term rental opportunities in the northern New England market. I'm currently living in Atlanta, but would like to move back to New England to begin this new venture. I'm lookin...
Atlan Link
foreign investor from Singapore
Hi, I am interested in property investment in the us market and I am a fresh graduate who just found a job. I need some advice on investing in the us especially the legal and financing issues that would be faced by a ...
Jay Pillalamarri
Real estate agents targeting IRA/401K investors to buy RE
Any brokers/agents who specialize in finding investors and help them use their self directed IRA/Solo 401K to invest in buy and holds/income properties. Following are my observations and wanted to get your opinions-
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