I bought my primary home in may and this is the first time I’m going to be filing my tax returns that’s more than just my income from my job. I usually go to H&R block but wanted to try to find a local accountant ...
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
Has anyone looked at buying RE via a self directed IRA vs cashing out the IRA, paying the penalty and putting funds into a business account and having full control of funds Immediately?
I have considered buying houses ($150-200K value) in Texas for rental income. However I'm not impressed with my expected annual return. If someone could help me with my analysis; it would be much appreciated. Below is...
Hi! I have a rental out of state that has dramatically appreciated in the 24 years I’ve owned it (paid $110k, MV is $340-375k). It’s been a rental for the past 15 years, and is fully paid off as of 5 years ago. It re...
Long story short this should have closed last week, but some crap came up from the bank underwriting. We're basically trying to save about 100k in capital gains tax so this is very important.....I'm on day 172 of 180...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $158,000
Cash invested: $15,000
My first investment property is located in The Netherlands it cash flows just above...
Would it be wised to hold your just remodeled flip for a year to qualify for 1031 what do u think are the pros and cons?
Without going into the weeds on the 'why', Last summer I quit claim'd a non-performing rental (Mayflower) taken Sub2 (with a basis of $65k) back to the original seller, in exchange for them forgiving $42k in notes for...
I plan to flip a multifamily property I have under contract (have a buyer for it already). The plan is to do a dual closing. I'm looking to limit my tax exposure. I plan to purchase another property to hold in the nea...