Colton Joseph
Capital gains tax scenario
Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...
Cory B.
Buying my first home to eventually rent it out in a couple years.
My wife and I are purchasing our first home. We have 130k in savings combined. She find a town house she loves which is new construction in a great area for 256k. My plan would be to live in the house for a couple yea...
Mark A. McElhannon
Tax liability when selling investment property
I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...
Michael Sassone
Information Overload - STRs vs Fix n Flip
Hey everyone,
I've been educating myself the past few years on REI and feel like I am experiencing information overload and would love some advice/guidance from some experienced investors.
I'm trying to figure out ...
Omar Hassan
Very New investor with very little tax knowledge
Hi everyone, i wanted to put my ignorance out there and see if I can learn some valuable information from you all. I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while...
Maxwell Emerson
How would you capitalize on appreciation?
Looking for some insight and recommendations based off of what worked well for others. Here's the background info:My wife and I bought a small house, 2 bed 1 bath, in 2018 and rehabbed it while living in it. We moved ...
Dan Brainard
To Sell or Rent
Just closed on our first investment property last week. It's a SFH in a gentrifying area (is that a word?)+. Did a bit of landscaping but otherwise it was move in ready. I had it staged and professionally photographed...
Tim Hem
Capital Gains and IRS Publication 523
Looking for some opinions on a recent home sale and possible capital gains exemptions.
In short, I purchased my primary residence in 2017. I resided in the home until summer 2020 (total 2 yrs 9 months) and then depl...
Nick Yanutola
Should I rent or sell my house?
Hello all,New member here. I just found the website researching some stuff related to the issue below. I recently moved (not far, just found a house I like better). That leaves the question of what to do with my for...
John Humphries
$30,000 in a Roth IRA wanting to invest in RE. What would you do?
Hi BP SDIRA experts. I'm looking for some advice and opinions. Here's the scenario:$30,000 in a Roth IRA - I'm tired of investing in the stock market and excited about real estate investing. I'd love to use this mone...