Roy Mitle
offsetting real estate losses with non real estate syndicates
I have a rental that has passive losses.It just keeps going up every year. I do not ever intend to sell the rental and just pass it onto my kids so I'd rather not have this carry over.I could buy into a good real esta...
Dustin Miller
First Flip: Owner-Occupied
Hey Guys,Just wanted to share that I have officially completed my first flip! I did so by living in it as an owner occupant with a FHA loan. Started out with $3,000 and paid for the improvements over about two years w...
Miguel Hernandez
Do I qualify for any tax benefits?
Hello BP members. As the year comes to an end I’m happy to say I am 95% done with my first BRRRR deal. It is an out of state duplex.
I always hear people say that buying real estate can help decrease your taxes. Curr...
Denise Ortiz
I SOLD a property through OWNER-FINANCING. TAXES and CYA?
So, last month I sold a piece of land through owner financing. I made sure I did it with an RE attorney. She just said that I need a good CPA, I don't have one. Honestly for last year, I didn't make enough to get out ...
Brian Schmidt
Capital Gains/Income tax
To the CPA's and tax professionals out there,A scenario popped in my head. Say I sold a currently owned house with 100k in profit and then used that profit to invest in 2 other properties (50k each). Would the 100k I ...
Cameron Easton
Seeking Advice-Davis County
Hi! My wife and I recently moved to our new "forever home". We housed hacked for a few years in our first home, renting the basement until we needed more space with our growing family. After moving into our new home, ...
Milan Villarreal
New Member Seeking Guidance
Hello BP folks!My wife and I have a 4bed 3bath house in the RGV with a swimming pool and 2.5% interest rate. We have about 230k of equity in the house. But we likely will be moving in a year to San Antonio or Austin. ...
John Pearson
plan to sell home and keep as rental with no tax
young couple with spring wedding plans. Each owns SFR as primary residence, she with 2 roommate tenants .Plan---while they are still single,she sells her house to him,avoiding tax on any appreciated value, after wedd...
Sapir Simply
How to get approved for mortgage with 1 income
Hey everyone. I am a single young woman in her 20's wanting to buy a house (potentially a place that needs some renovation so I can make some profit on it once I'm done) but currently I have a little over 30K to put d...
Christopher Watson
New to this group...Hello!
Hello everyone. I'm a licensed real estate agent in Los Angeles for 15+ years. I am a husband and father, a dog-lover, avid traveler and marathon runner (although on an injured atm). Lately I have really been wanti...