What are the tax implications to the seller of this 0% loan?The seller's attorney is against this type of deal citing IRS problems-- anyone out there with some experience rebutting this issue?I have done deals like th...
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I have a quick question as to how the short-term gains are taxed (ie tax bracket). I've flipped a 2 properties under my LLC this year (outside of my regular W-2) and trying to get an understanding of what to expect.
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if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?
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Hello everyone, I am still trying to learn a lot about RE investing. I've binged listened to a lot of BP podcasts, read the forums and 3 BP books, and still trying to learn the best strategy for me. Currently a renter...
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Hey all,I recently sold a home in 2016. Unfortunately for reasons I don't want to get into, I couldn't do a 1031 exchange. So I had some capital gains plus depreciation recapture. So I know i'm due for some taxes o...
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I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...
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I am considering buying either a triplex or quadplex sometime next year. I plan to purchase a unit, live in one unit, and rent the other units. Also, it is very likely I will be unemployed next year due to quitting my...
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Hello all,
For a little over a year now Ive been trying to get as much info on flipping and inventing in real estate as possible.
For the longest time having enough savings for down payments was my biggest obstacle....
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I am planning on buying a 4 unit complex for 200k using a fha 3.5% loan. Live in one and rent out the rest. Is it possible for me to depreciate the 3 units with cost segregation to get a big tax deduction.
TLDR can I...
I applied for a cash out refi on my primary residence. Good rate. Slightly higher monthly payment than what I currently pay, but a massive cash out amount due to appreciation, that I intend to use for REI.
I still...