Hi BP community.
I am trying to figure out how to maximize my investment (and reduce tax liability) on two properties I currently own in Kirkland, WA. Here is some background:
In 2010 I purchased a 1.3 acre lo...
I have a two questions. We're going to rent the home we currently live, in starting in June.- How long can I rent it before having to pay capital gains. I don't now that I want to use a 1031. Not sure I want a differe...
Hi - there's a little back story here that'll I'll try to keep brief. Ultimately, I'm glutton for punishment and do my taxes myself and have an issue on how to handle a property I sold in 2021.
Property History:
- ...
I’m house hacking a duplex. Living in one side and renting the other side. Does anyone have advice on how to tax shelter or write off the rental income? I have a mortgage on the property and using the rental income to...
I am in real estate investing with a LLC already established. Our primary resident is in need of refinancing. For those being in real estate for so long , are there any benefits tax wise (Obviously my local CPA is loo...
FolksNot sure if I'm allowed to mention specific fund names here but I'm invested in a popular ATM fund run out of a company in PA. Their K1 shows my ownership in about 12 states with losses ranging from $12 - $1000. ...
356 Chestnut St. Gardner, MA
$60,000 acquisition price$125,000 renovation budget$340,000 estimated after renovation valueThis is a property we are holding; we expect a monthly mortgage payment of $2,100 versus mont...
I recently converted my previously owner-occupied home to a rental property. But I don't know what numbers to use to analyze how the house is performing. I paid 189,900 for the house in 2005 (about 192,000 including c...
To qualify as an accredited investor via income, how is that verified? My research tells me this is through prior year tax returns. I'm interested in real estate syndication investing at some point.This year, I am lik...
My parents helped me to win a bid on a house by purchasing it all cash in their names. We want to smoothly and efficiently transfer the property over to me via seller financing where my parents will act as the bank an...