Hi guys,I need help figuring this out before hitting the CPA office.House was bought in the 70s 80k, single, 200k renovation, market value 3.5 mil the house in California....how much capital gain taxes state and feder...
Hello Biggerpockets Community,
This is my first post as I am trying to utilize BiggerPockets more. I recently purchased my first duplex in Peoria, AZ in September and I am using it as a house hack where I rent out o...
Hello Everyone!I need opinions. This is my second purchase of real estate (not including my primary residence), and the first was several years ago and was a vacation rental property, which was sold after a couple of...
I've been reading another forum and they recommend charging twice the security deposit if the FICO score(s) is below 600. Has anyone tried this and if so were the people willing to pay?
Also I was wondering how peop...
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Hello everyone.
A brief intro. I owned an identical 2x3bd floorplan duplex in Sacramento for 10 years and I have plans to sell for a modest profit when RE market gets better. I hope that would be 4-5 years from now.
...
I would like to read an example of some of you guy's creative financing deal structuring you've put together with no &/or little of your own money down. I'm posting this forum to get a better understanding of how ...
Hey BP, I am looking to buy a multifamily. I'm buying it FHA. It will be a house hack. The numbers look good but I have some concerns that could change things. Its a duplex with a basement. Making it a triplex but its...
Just closed on my first house hacking deal (duplex- living on one side and renting the other). I know there are some tax advantages involved (currently my next reading topic). It makes sense to me that opening a sepa...