When Can You Refinance Your Home & How to AVOID Taxes When Selling

Рет қаралды 3,902

Күн бұрын

When can you refinance your home? How do you avoid taxes when selling a property? And is there a legal limit on when you can raise rent? Unfortunately, for most new investors, many of these questions don’t come with a straight answer. And when talking about taxes, even experienced investors like Ashley and Tony can’t give advice. So, we brought back Amanda Han, CPA and real estate investor, to provide us with the facts about tax benefits, trusts, and how to pay less when you sell a property.
But before that, Ashley and Tony will share their experiences on raising rent, seasoning periods when refinancing, and why you should always talk to a lender before you buy. Many of these topics, such as taxes, refinances, and raising rents, come with pitfalls that a beginner property investor WON’T know about. So stick around because this episode could save you a TON of trouble on your next purchase, refinance, or sale!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
00:00 Intro and Conference Q&As
08:36 When Can You Refinance?
17:48 When Can You Raise Rents?
24:27 How to Pass Rentals Down
27:26 How to Pay Fewer Taxes When Selling a Property
31:40 The "Lazy" 1031 Exchange
38:39 Connect with Amanda!
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Join BiggerPockets for FREE:
www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
www.biggerpockets.com/agent/m...
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Hear Our Latest Episode with Amanda:
www.biggerpockets.com/blog/ro...
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What Pro Investors Need to Consider Before Refinancing
www.biggerpockets.com/blog/ad...
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Rent-To-Own Homes-How It Works:
www.biggerpockets.com/blog/ra...
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The Real Estate Investor’s Guide to Reverse 1031 Exchanges:
www.biggerpockets.com/blog/re...
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Connect with Amanda:
BiggerPockets: www.biggerpockets.com/users/k...
Instagram: @amanda_han_cpa or / amanda_han_cpa
Keystone CPA: www.keystonecpa.com/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 260
Show notes at: www.biggerpockets.com/blog/ro...
#biggerpockets #realestaterookie #rookie260

Пікірлер: 7

@shumatsuopost Жыл бұрын

Great video! Refinancing your home can be a smart financial move to lower monthly mortgage payments or get access to equity. It's important to consider all the factors and do the math before making a decision and the tips on avoiding taxes when selling a home are also valuable for maximizing your profits.

@ramire7heavenz252 Жыл бұрын

Great info. I'm inspired

@miketdarnell Жыл бұрын

DSCR is Debt Service Coverage Ratio. Is the rent higher than the debt service. Generally about 30 percent down (can be less). Income and credit score are not as important compared to conventional mortgages.

@justindabarber6905 Жыл бұрын

Love you guys thank you

@perlaalexander6960 Жыл бұрын

Where do you get those 35,000 dls prices?

@vmrosales3 Жыл бұрын

If you cash out refinance on a property after years of depreciation and decide to sell the property after. Does this decrease your tax burden since you can show less in profits due to the higher loan pay down even though you have depreciated the property?