All Forum Posts by: Andy Wilson

Hi

I lived in a property as my primary residential for 2 years and then I rented out for 1 year. If I sell the house now, should I pay tax for the equity gain or the tax is exempt as I already lived for 2 years there?

Anybody knows about this?

@Joe Splitrock

Your comments are extremely helpful!

@Joe Splitrock

Wow, thank you so much for walking me through the general process, pros and cons.

And what kind of challenge should I expect if any?

Hi BP,

I am moving and try to keep my primary home and rent it out. Can I transfer my primary home into my LLC as an investment property?

Anyone?

I have two applicants: one is working for real estate business and the other is a teacher. Is there any reason to avoid real estate business people as a tenant over other professionals if I can legitimately choose? What would you typically do in this case? Appreciate your inputs.

@Andrew Masters

Thank you! Andrew!

Yes, I have friends.. I may pay them occasionally for doing things remotely.. any other suggestion? I feel like The worst timing for selling houses will come soon and I don’t want to sell them now.

@Scott Swanson

Thank you for offering helps! Any other suggestions from BP?

Hi BP, I am currently living in Illinois but plan to move Arizona. I have two properties that are cash flowing quite well without PM. I am not sure what I should do with these properties if I move now. I sometimes visit my properties to take care of some minor issues here and there but that happens quite seldom. It is too much t give out 10% of rentals to PM for such minor issues that happens like once a year or two.

Because of too far distance, I am not comfortable to manage properties myself. I really don’t want to sell the properties.

Anybody any advice? I considered seller financing but I am not familiar with that concept...