Again here, the deciding factor seems to have been that the home, the essence of the residence, was never demolished/removed, retaining the nature of the sale proceeds as being from the sale of a principal residence.

Again here, the deciding factor seems to have been that the home, the essence of the residence, was never demolished/removed, retaining the nature of the sale proceeds as being from the sale of a principal residence.Also in Hale v.

Low down payment to utilize as much leverage as possible in order to retain capital for future acquisitions.

We've retained almost every tenant after bringing the rents closer to market, as we were pretty strategic about how we went about the raises. 

The taxpayer and EAT may enter into agreements or arrangements providing that any variation in the value of a relinquished property from the estimated value on the date of the EAT's receipt of the property be taken into account upon the EAT's disposition of the relinquished property through the taxpayer's advance of funds to, or receipt of funds from, the EAT.The IRS permitted an EAT to retain its status where it acquired a 50% interest in a partnership whose only asset was real estate where the other 50% interest in the partnership was owned by the exchanging taxpayer (Ltr.

You can replace a structure but you could likely not do a complete demo if you want to retain the garage and it is non-conforming (doesn't meet current setbacks and such).

Hello BP'ers ... long-time NY (Saratoga area) member, but have only been a casual on-again, off-again reader.Looking for guidance on transitioning from our single-family to a duplex, triplex or quad, the multifamily as an owner-occupied investment property that will allow us to retain a NY footprint -- driven by family's center of gravity -- and have an $income component, then transition over the next couple of years South (NC, SC or FL).We would prefer to stay in our single-family residence, then move into the multi-family while simultaneously marketing/selling our home. 

That alone could  potentially add risk.Also, the property seller (or CFD holder/owner) still retains legal title to the property as far as I know.

I have looked into DoorDash as a way to boost my income so that I retain flexibility in order to continue to be present for my child.

Hi Srushti,Some people jump in the water and know how to swim and some jump in the water and do not know how to swim.Like any other business you need to know what you are doing.Now you have retained the services of someone who you believe knows what they are doing to assist you.And for these services there is a cost.Some people (owner/operators) do the work themselves to lower the cost (somewhat).In this business you will have anticipated costs and unanticipated costs--it's not a magic profit genie.Sometimes you just have to write checks to get what you want.Just my 2 cents.