AJ D.
Cost Basis on New Construction
How would you account for appreciation/upgrades to a new construction build from a Cost basis perspective?Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, ...
Jerel Garner
buying a condo from a tax foreclosure auction
I am in the process of buying a condo from a tax foreclosure auction. I have not been able to get access to the unit so far. The unit is not a stand alone, it is inside of a build. How do I take possession of a condo ...
Carolyn Morales
multi family deal in 32219
4 unit multi family 8br 4 ba. 3 units currently rented ..block construction..window ac's..for sale for 55k..in 32219 Is this a good deal with 12 k in back taxes owed? Does a new purchaser have to pay the back taxes? ...
Gary Dayton
Let's see if I have the hang of these two deals.
I am working on the following deals with a buy and hold exit strat of 1-2 years:
Deal One:
REO (On Market Dec 07-offer fell through-Back on Market 12 Jan 08)
2 Bed 1 bath w/ garage
.17 Acres
Listed $189,900
Comps /F...
Jeff Hobbs
Cost Segregation & the TCJA 2017
Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...
Eugene Peh
Newbie investor - should I go for this?
hi everyone, I'm new to real estate investing and plan to invest in buy-and-hold options in Austin, TX. Since it is difficult to cash flow in Austin right now (unless you put a lot of cash down), I should consider an ...
Steven Barros
BUYING REAL ESTATE W/ BIZ ON 30 YEARS TERMS? GOOD IDEA OR BAD?
Hello BP,I have an opportunity to buy an established beer and wine market w/ existing business. Offer is 400K for both. The business claims it nets 120K, the owners are not currently paying themselves rent. The buildi...
Jason Powell
Long or short term capital gain?
I purchased a building October 17, 2017 via LLC, me 50% and one partner 50%. My contribution was 150k.June of 2019, I sold my 50% share of the LLC to my partner for $250k (building was not sold). I received my princip...
John Kernen
New Member-First time posting
Hello! So glad to to have found this resource! I look forward to learning and hopefully sharing some experiences as i go! I am just starting to get my feet wet! I have been doing lots of research and am trying to ...
Camronn W.
Help with a Spec. Home!!!
A novice question here, figured I can ask the Bigger pockets community for some quick help. I'm beginning the process of building my first spec home. How does the tax side of the sale go when I resell? I know it being...