Joel W.
What's a minute worth?
As I'm sitting here doing my annual Officer evaluation (military officer review, BLAH!) I cannot help but be distracted and began to think about this.... What is a minute worth to me? How do I make more money per minu...
Karla Parraga
Buying a Property as Vacation and Turning it into Rental
Hello all,I am planning on buying a property in Daytona Beach. At the beginning I was planning on buying the property as investment. Later it occurred to me that I can I can buy it as a vacation home, while I go visit...
Daniel Raine
Question regarding completing BRRR
Hello, new investor here. I have been trying to educate myself as much as possible and decided to attempt a BRRRR strategy for my first property in Las Vegas. I found a duplex that requires some rehab, but I believe I...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Raza Rizvi
Selling a property and confused with capital gains
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Natalie C.
Capital Gains Exclusion with House Hack?
Hi all,I have a question about capital gains exclusion (living in property for 2 of the last 5 years). From what I understand, the exclusion is sort of pro-rated (e.g. if one owns a duplex and lives in one unit, then ...
Account Closed
Softening the Tax Blow of Early 401(k) Withdrawal for REI?
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...
Reginald M.
In need of some guidance.
I’m new to this forum. I’ve read through a lot of helpful information here on the forums and it’s safe to say my mindset has changed. I’m grateful for this community.Here’s my situation. Someone I know is selling the...
Chris Frydenlund
Bad idea to buy single family home as first time buyer, instead of renting if need to save for dream home?
Hey BP members!
In this article Brandon advise to buy a duplex instead of a single family home if I want to avoid loosing money, and earn money on the property. Is it really that bad an idea to buy a home?
...