Joe Stubbe
Buying our flip and taxes
We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary. Are there any tax implications since it’s currently in an LLC and will...
Shelley Austin
Any case where owner financing makes sense?
Purchased property for 390K, put 15K into rehab. Home now worth 550+. Would like to sell and capture gained equity, also cash flow is not great and the house needs more work. Long-term renters want to buy at 550 as is...
Jacob Campbell
1031 only option?
I had intended to sell about $5.3MM of rental property and simply use the profits to may off debt on other notes. However, I'm told my tax basis will be close to $2MM after depreciation recapture.
Does anyone ha...
William Coet
Syndications: General Partner vs. Limited Partner
Hello,Specifically wondering what advantages the General Partner(s) has compared to the Limited Partners....Thank you in advance for any insight.
Heath Donnald
Settlement proceeds in personal name, expenses in LLC name
My wife and I are partners in an LLC that just sold a flip. The expenses were paid from the LLC account for the 14 months I worked on the house. The house was in my name, not the LLC, so the settlement proceeds had to...
Cameron Scheuer
Career advice - potential next job/career move
Hi everyone, I am a year out of college and eager to get more involved in the real estate industry. I have been working with a platform management company for about a year now and want to expand my horizons and learn ...
Brittany Fife
What is the next step?
I am under contract for my first duplex. I own a single family home right now. The loan for the duplex is FHA with 3.5% down. I am wondering when I would be able to purchase another multifamily. People say you can't h...
Mindy Jensen
Want to Talk Tax? Upcoming Podcast Episode Needs Your Questions!!
An upcoming episode of The BiggerPockets Podcast will feature BOTH @Amanda Han and @Brandon Hall answering YOUR questions about taxes - the new tax laws and how they affect regular people AND real estate investors.Wha...
Ralphie Hernandez
I make too much money...
So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
Justin Young
Is this a valid strategy?
Aloha BP!Living in Hawaii is great and I couldn't imagine my family living anywhere else. But when it comes to starting a portfolio of rental properties, it gets really expensive to do so. Instead of investing in my "...