The costs could be justified if the rental performs well (a little less profit short term, for longer term appreciation gains and with little to no effort on my part).

They’re going to owe capital gains and depreciation recapture if they sell it to their child.

It was not a fast job and they overloaded the back of the pickup quite a bit weight wise.

I started going to meet ups and talked to lots of people in person, on the phone/Zoom and have gained a lot more knowledge and they gave me honest feedback about their experiences and suggestions on what I should do.

While I’ve gained more experience in real estate over the past couple of years, I still want to ensure I’m handling this situation correctly.

So, similar to Marcus, one of the happiest days of my life was when I hired out my bookkeeping - total weight lifted off my shoulders!

Stock gains are considered capital gains and can't be offset by passive losses from your real estate portfolio.

I’m here to connect, learn from experienced investors, and hopefully share some insights as I gain experience.

If your basis is $2M and you clear $5M after selling costs you’ll owe somewhere between $450k (all capital gains tax) and $750k (all depreciation recapture.).

Gains from the sale of stocks are considered portfolio income, not passive income, so these types of gains usually can't be offset by passive real estate losses.Do either of you own any real estate right now?