I am trying to understand how capital gains would work on the following scenario. I have a rental property that I would try to do a lease-purchase deal for a family member. They will sell their home and parents home a...
Hi BP Community!Trying to do my first seller financing deal and the owner is open to the idea, but has 1 concern that I didn't have an answer for off hand. If I buy the property tomorrow, and the owner carries the mor...
Good Evening Investors,Question. I closed on a house on 12/15/2017 and began renovations immediately, with plans to resell. The transfer of deed did not get recorded until a month later on 01/16/2018. I believe the 90...
All,
I am hoping to get some feedback here w/ potential seller financing (I am the seller). I am a lawyer by trade and am generally not too good w/ understanding tax numbers, etc. I will try to keep it simple - any f...
Hi all, apologies if this is the wrong forum for this question. The property is in San Jose and I'm trying to think about it like an investment.My ex and I bought a condo in 2015 for $604k. Last October, it appraised ...
Hello everyone! I am new to the real estate field and studying for my real estate exam in Michigan. I plan to become an agent, and eventually invest in properties, particularly buy and hold with a focus on aircrew as ...
can someone explain how depreciation works in a nutshell, and how it helps your taxes?
Scenario:Single-family home purchased for 49K. Rehab: 25kIf we sell for 95k and want to 1031 exchange does the next property have to be more than selling price or does it simply have to be more than original purchase...
HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...
If there is a house owned by a trust and all three trustees currently have ownership of it. Is there a way to buy out one trustee without triggering capital gains taxes?