James Jones
Capital Gains on Investment Property
Hello,New to this forum. Quick question:Quick question - How much total capital gains tax (both fed and state) would be for a property that I bought in 1997 for $500,000 and sold today for 1,000,000?The property is in...
Eduardo Bernal
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.basically analyzed this deal best i could just started analyzing rental properties..loopn...
Adam Jernow
Tax Liens- Simple, helpful but too small to make a living
Investment Info:
Industrial note investment investment.
We bought a tax lien, then negotiated successfully with the property holder for a payoff. This is not glamorous (see the photo) but we helped the city ...
Ross Ellington
Please help with some 1031 ?s
Good morning bp had sone questions on 1031. My first is can you use a1031 for primary residence to primary residence, would that be like kind? Or is it strictly investment? Can commercial be included? Also we know tha...
James Edward Laws Jr.
Questions for Better Due Diligence (Part 1)
(1) I've heard that it's possible to refinance a property under the BRRRR strategy in 6 months. Is that true, and how would one go about it? (2) I've done several analyses through BiggerPockets and I run across the te...
Eric Nelson
Is there a 1031 style for selling a business
I have a friend who is selling his business. It's not real estate, but it got me thinking. Is there some kind of 1031 exchange for moving money when you sell a business into either real estate or another business wh...
Lukas Koube
Help! Atlanta Taxes!
Sold a home in LA for a clean 120,000$ profit after closing costs (lived there for 2 years!).But, had to buy a home in Atlanta Ga in a hurry for personal reasons. Because of occupancy rules, I had to get the home as a...
Whitney Hutten
CPA and Wealth Strategy Resources
In our search for a CPA / Wealth Strategist, we recently had an initial call with Provision. The jury is still out for us if we will use them. However, I wanted to see what were you favorite tax strategy/wealth stra...
Nicholas O'Kelly
Capital Gains exclusion or 1031 exchange?
I'm in the military and bought a house in TN in January 2019 (2.5 years ago). In August of 2019, I received orders to move, so I only ended up living in the house for about 9 months. We rented the house out and will n...
Joe Splitrock
Expensing a Vehicle for Rental Business
For years I have just been claiming the standard mileage deduction. We drove about 2500 miles last year and we are considering buying a vehicle this year. The vehicle is a CUV that will be under 6000 pounds and the ve...