If your accountant isn’t providing strategic guidance on structuring or tax optimization for real estate, consider finding a real estate CPA to ensure your long-term goals are met effectively.

@Lucas Schlund there are several groups pushing to ammend the requirements - hence why it hasn't gone into effect yet. 

The assignment did not release the original contract purchaser from liability unless the seller expressly consented to the assignment and fully released them (a novation, in effect)… which is not part of the fact pattern.So the agent is right.

I know there is all this talk about the Olympics coming but on a practical basis that has no effect on you unless you do STR, which you typically can't in a rent controlled property.3.

I am new to real estate investment and planning to start ramping up long term rental properties in 2025, however my first two primary residences were both converted into MIL's and rented within months after closing which effectively followed the House-Hack tactic (we currently rent our furnished basement to primarily traveling nurses for 3-6 months at a time which covers 70% of our mortgage).

I suspect I (my lawyer) would have gotten this rectified in a week or 2.I am glad this seems to be getting resolved but this was via a fortuitous connection made via this post.  

The Meadowbrook Dr SE property was successfully sold on 11/15/2024 for $249,900, showcasing the effectiveness of Partner Driven’s approach.

SOS......I closed on my investment property last Thursday, lawyer, title co, realtors paid and keys handed over to buyer but the wire from the bank ( the title company uses) keeps getting rejected by my investment company.  

do i need a lawyer and a specific one at that?

Here’s a look at the most effective ways to minimize capital gains taxes when selling an investment property.1.