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...

Hi,

I've heard that real estate is a decent tax shelter because it allows for a lot a tax write-offs: mortgage interest deduction, building depreciation, deferring capital gains through 1031 exchanges etc.

I'm less...

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...

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...

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 ...

Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange. This strategy allows investors to defer capital gains taxes when they sell an investment property, provided they reinve...

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 ...

Chicagoland and Illinois investors - this has come up several times in conversations so I wanted to post it here to ensure everyone was aware of the opportunity to be exempt from sales tax on your building materials.I...

Meeting landlord today to sign new lease. I'm considering offering to buy this retail property instead of rent.  She said we would consider owner carry, but that she did not want to sell yet, sounded 5 or 10 years out...

We are looking at selling a single family rental we have in the Portland area and buying another house in central Oregon - ideally we would like to build an ADU on the same property and live in the ADU while keeping t...