260: Rookie Reply: When Can You Refinance and How to AVOID Taxes on a Home Sale w/Amanda Han
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).In This Episode We CoverWhen you can refinance your home and “seasoning periods” explainedWhen you’re legally allowed to raise rents and how to make adjustments to your leasePassing down rental properties and how to do so without triggering significant tax eventsRent-to-own vs. seller financing and using these strategies to avoid taxes on a saleThe “lazy” 1031 exchange and how to offset your capital gains tax with paper lossesAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupHow to (Legally) Avoid Taxes by Investing in Real EstateThe Real Estate PodcastAirbnbConnect with Amanda:Amanda's BiggerPockets ProfileAmanda's InstagramAmanda's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-260Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Show Notes
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).
In This Episode We Cover
When you can refinance your home and “seasoning periods” explained
When you’re legally allowed to raise rents and how to make adjustments to your lease
Passing down rental properties and how to do so without triggering significant tax events
Rent-to-own vs. seller financing and using these strategies to avoid taxes on a sale
The “lazy” 1031 exchange and how to offset your capital gains tax with paper losses
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
How to (Legally) Avoid Taxes by Investing in Real Estate
Connect with Amanda:
Amanda's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-260
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
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