Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
Account Closed
West U Buyers, Financing Question, Real Estate Accountant
Hi All - I've a handful of thoughts/questions so I'll be short and sweet.I'm currently focused on a couple of select areas in Houston for my motivated sellers search, and one of the areas is West U. I've gotten good ...
Nick Walley
Starting out- tax benefits
Hey BP! First post and it’s great to meet you all. I would love some advice / perspective… I live in the East Bay Area here in CA, have a great W2 and good sales commissions, and want to start RE investing. I’ve been ...
Edita D.
Windstorms and hails in TEXAS
We have a rental in Keller, TX and Lubbock, TX.I received reports of hail storms and windstorms from both property management companies, a month apart.Our insurance policy for these properties keeps going up! We filed...
CJ Letzelter
Denver/ loan paydown vs. income
Given the time of year, I am unable to seek advise from a local Denver CPA combined with living in Singapore have left me with an important question. Can profits from rent be used to paydown the loan on the same hous...
Aj Puthillath
Buying Rental out of state from California
I am new to real estate investing and have been actively looking for an investment property in the San ANtonio/ Austin area . I am based out of California.Can anyone suggest the best way to do this to avoid tax confus...
N/A N/A
Are my calculations correct ?
Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
Jelmer Hilhorst
Dutch rental properties
Are there some people from the Netherlands here who know what the possibilities out here are? For example;Is it possible to buy a second house for rental use and get a second mortage?
Corey Demuth
quick question about tax deed sales - not sure what these numbers mean?
I am looking at some listings for tax deed sales. here is what i see in one of them:
"
Judgement Date
09/17/2009
Order Issue Date
10/29/2009
Case Style
COUNTY, ET AL VS NAME, ET AL
Legal Desc.
LT 7 BLK 3 LIBERTY...
Rawn Wilson
Depriciation Recapture and Long Term Gaines Calculations
I bought a house in 2003 and lived there 3 years. When I deployed to Iraq in 2006, I rented it out and have been renting ever since. I was new to real estate and did not depreciate it until recently (maybe past 4 ye...