I'm selling a SFH but not able to use the 1031 to improve my land because I already paid for it. So I'm stuck finding something like-kind to purchase in order to avoid the $80,000 in taxes. I would break even buying a...

Hi, I have a motivated seller ready to sell his Mom's house in Texas. She hasn't been in the property for 5 years and has been in an assisted living facility. The property has been rented out for that period of time. ...

My husband and I are slowing flipping homes. We live in each flip while we rehab and then sell. Can I treat these flips as a sale of my home? Until I get to a point that I no longer live in them? That way I still ...

Good afternoon,I got a loan on a condo and lived in it for many years while I had a homestead exemption on it. I moved out and rented it and forgot about the exemption. Recently the tax office sent me a bill for 2 yea...

I'm a California resident and am thinking of setting up a California LLC as the holding company to own Texas LLCs that will own the property. After consulting with a tax attorney, he said I could also setup a Delaware...

I bought the building for 1.1 million and hoping to sell the smaller unit for around 700k. If I do what are the tax implications of this?Since it is less than the total cost of the building will the proceeds not be ta...

I'm currently working on getting a triplex deal across the finish line. Seller wants to do owner finance, and has given me discretion on terms. All I need to do is have a final number that totals $550k (a high price f...

Hi, Everyone! I'm new here. I'm looking to sell my house this November and would like some advice. I bought it in 2020 for $575,000 and I'd like to avoid paying taxes (legally) which is why I've held onto it this long...

I purchased a single family in May '17 as my primary residence shortly before listening to BP podcasts and researching real estate. While I love the home, I have since realized my mistake and shudder when I think of t...

Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...