Gary Hardwick
Looking for some Options
I'm in a bit of a conundrum. My wife and I purchased 10 acres in Rockford, MI back in January of 2021. We closed on a construction loan to build a 5000+ square foot barndominium. However, we picked the wrong contracto...
Amit Desai
Find multifamily for investment
Hello Community,I am based in NJ and looking for best location for multifamily investment.I do have cash then will finance remaining price. My worry is I am hearing lot among real estate invested that great deals ( ca...
Stephanie M.
Not sure what to do
We have been renting out our former home for the last 13 years. We live 15 minutes away. Our current tenants may be leaving and we are thinking of selling the property. We plan to leave the area and move back to Flori...
Loren Whitney
Determining if I qualify for the 2 of 5 year rule
Hey all,I'm looking for a little help on what doesn't seem crystal clear to me at the moment. I'm trying to determine if I qualify for the 2 of 5 year rule and avoid cap gains on my current primary residence. Mind hel...
Jason Rash
Here's How I Achieved Infinite Return in 20 Months Of Owning This Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $63,750
Cash invested: $13,000
This was my VERY FIRST deal. Had no idea what I was oding.
Bought for 63,750 off ...
Megan Arzt
27.5 or 39 year depreciation
I have 2 nightly rentals that I just bought and put into use this year. They are sort of a gray area since they are not being used as residential dwellings, but could be. My accountant seemed to think that I could c...
Dan Fritschen
Bringing in tic partner
Hello. I have a rental home and another person wants to invest $100k and become tic and share in costs profits etc when I receive this money does the irs consider it a sale of the property and taxable or an investmen...
Cara Lonsdale
Depreciation - What the heck??!
A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
Ryan S.
Advise on first commercial purchase
I just sold my old personal residence and have a capital gain of 3mm. Instead of paying uncle sam, I decided it would be best to 1031 it into a commercial building. I found a local building that was built in the 70s, ...
Justin Putt
Taxes on profits
I have a question regarding taxes after selling a property. Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it. And is that some...