Brandon McMullin
Opportunity for my first rental property, need help with closing
My friends parents had moved to another state and is living in a new house, there old house is all prepared for the market, but not yet on the market. I had a chance to look at it and it looked very clean. I was mainl...
Annie Le
Tax implications on a 1031 exchange
Hello everybody,
I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.
Ori...
Anja Brey
Note investing vs Turnkeys?
Hi BP, What are the advantages/disadvantages of buying a note versus buying a turnkey (or vice versa) in terms of cash on cash return, depreciation, deductions etc.? How much depreciation do I get from 1 property/year...
Joseph Goode
What should my day to day look like as a 1st time investor
I’m looking to buy my first property and I want to grow this business to where I can be financially free. I really want to focus on out of state properties since Cali is too expensive. My target market is Indiana. So ...
Mark Patel
Deprecation recapture on roofs and other improvements
I have a question on deprecation recapture and the tax consequence. When you depreciate a expense like a roof then sell the property. It seems that the roof expense become a capital gain since you have to add the de...
Kishore P.
First Time Flipper SFR with SOLO 401 K Funds
Hello:I have come across an opportunity to finance as a lender with a flip for Single Family Residence (SFR) lake from the property with Solo 401 K.Not sure how? to go about with (a) Due Diligence (B) contract with th...
Mark A. McElhannon
Tax liability when selling investment property
I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...
Dan Brainard
To Sell or Rent
Just closed on our first investment property last week. It's a SFH in a gentrifying area (is that a word?)+. Did a bit of landscaping but otherwise it was move in ready. I had it staged and professionally photographed...
Michael Sassone
Information Overload - STRs vs Fix n Flip
Hey everyone,
I've been educating myself the past few years on REI and feel like I am experiencing information overload and would love some advice/guidance from some experienced investors.
I'm trying to figure out ...
Cory B.
Buying my first home to eventually rent it out in a couple years.
My wife and I are purchasing our first home. We have 130k in savings combined. She find a town house she loves which is new construction in a great area for 256k. My plan would be to live in the house for a couple yea...