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Will I still have to pay long term capital gains tax? (just closed on the sale)
I plan to flip a multifamily property I have under contract (have a buyer for it already). The plan is to do a dual closing. I'm looking to limit my tax exposure. I plan to purchase another property to hold in the nea...
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Hi BP,How can I prove that I am paying my kids for painting work for my rental properties? I think it will help to write off for tax. Right? But not sure how without official invoices.
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Hi everyone, I believe I'm going to put an offer on this property, and would welcome any feedback you have on it. I've included as many details as I can below. Thanks!
About the property: Duplex- both units a...
I just registered my LLC and i want the income/cash flow that’s generated from my existing rental property to count as income to the LLC instead of myself. Should I possibly have the tenant deposit rent payments into...
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I’m just trying to learn about real estate investing and would like to make some money doing it eventually. I keep hearing about people saying you can do a 1031 on a investment property if you live there for 2 years a...
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Good afternoon BP,2018 I purchased my first property… Two bedroom two bath in sunny South Florida. I’ve spent the last two years fixing it up and getting it rental ready. I’ve come up with excuses in this process: it’...
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Hi everyone, wasn't sure where to post this question so I put it in here.
I have a neighbor whose mother was just recently hospitalized for a broken hip at age 90. She is rehabbing now and doing pretty good. This i...
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I have an Investment Property that I previously did a 1031 exchange on with sizeable gains. My income recapture (first to pay back), is approximately $45,000. I have a potential buyer (friend), that will work with m...
Hi everyone,Newb RE investor here. Had a quick question about the tax implication of a recent sale.So I had purchased a single family home in Aug 2015 for 370K. We lived in it until end of March 2017 (20 months in tot...