Hello,
Anyone selling/flipping homes on owner-carry as a dealer? No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. real...
Im looking for advice on what to do?I bought a condo for 80k in Dec.2018.My original plan was to rent it out. (after calculations ill cash flow 500.00 monthly)Ive been working on the property and i had a visitor the o...
Hello BP, I have a situation that involves my father in law who's a longtime investor with multiple free and clear small apartment buildings in a good market. We are looking for advice or an advisor that can help w t...
Newbie here. Im fascinated with the depreciation aspect of real estate and I have a question.Lets say I own a few different non-real estate related businesses. And my earned income from those businesses equals about $...
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Hello BP, I have a situation that involves my father in law who's a longtime investor with multiple free and clear small apartment buildings in a good market. We are looking for advice or an advisor that can help w t...
Hi all,I’m currently in a situation where I’ve got a Tax Burden of approximately $2 million. I need to reduce this with real estate investments before the end of the year. What can I do?I’ve been trying to develop a g...
Hello,
Just wanted to ask this to make sure I understand the tax ramifications correctly before venturing into a buy, fix, sell property.
If I owned the property and sold it in under a year, lets say...
We have a lot of equity in our home and want to relocate. We lived in it for 1 year and then rented it for one year. After the renter we moved in again and have been living here for 18 months. My question is, can w...
I started investing in real-estate 3 years ago. I have 5 rental units and I am real happy with the returns I have with my rentals. I want to continue in the rental business but I want to expand and start doing flip...