if a property is gifted to you from a third party, do you pay any taxes on that equity as you just earned it? i know if you rent it there are taxes on rental income...i know if you sell it there will be a capital ...
I will potentially be purchasing a property sub2 the existing mortgage of $92,000.00, property worth $125K as is, seller says depreciated to $0, I will give a $10K note balloon due 10 years @ 0% interest and $100 ...
So I have had possibly a great idea and want to see what everyone thinks. I would urge tax professionals/ asset managers/ lawyers to respond to this is possible.
I am newer to real estate investing and currently have...
I’m looking at purchasing a home in my college town. I'm a 21-year old college student from NY. I will live in one of the 5 bedrooms and rent out the other 4 to friends. I have been pre-approved with a local bank to p...
Throwing a quick hit and run post out there because I️ want to keep it open ended. If you’ve read @Brandon Hall post on the House’s tax proposal his first “Biggest Loser” category sights short term rental income as po...
I am looking to do a cash out refinance on a property that has a lot of equity into it. Probably gonna pull out $75K. What are the tax implications on a cash out? Is this taxed like a regular income, capital gains, etc?
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
Hi BP community,
First time post but I have enjoyed reading and learning from others experiences. I own a 4plex in Fresno and single family home in the Bay Area and just recently sold a property that I profited 209k ...
Hi, I am looking at getting a second home that I will be renting out. My question is how do people who do this report it on their taxes? Is it possible to do the 10% down and still classify it as an investment for fed...