Jamie Banks
Turning A Primary Home Into A Midterm Rental
26 November 2024 | 11 replies
Meeting that 2 in 5 of the last requirement allows a single owner to shield $250k of appreciation and a married couple to shield $500k.Unless you predict a lot of income from the MTR or you feel that there is a lot of appreciation incoming over the next three years (minus time get the property sold), you may want to consider collecting your $100k (passing GO) and redeploying that money to whatever you feel is its best use.
Edward Segaar
Cost for a CPA
23 November 2024 | 6 replies
Other items such as having accounts in a foreign country.If you are single/married, with a few W-2's, interest/dividend accounts with one rental property.
Dan Zambrano
My Journey to $20M in assets
7 December 2024 | 60 replies
(I am usually lazy about courses and pick + choose my engagement) This feels very different from most things I have "tried" to work on in life (except for when I turned to RSD and Owen Cook a out 13 years ago to improve my dating life which resulted in finding/ attracting and marrying the girl of my dreams!
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
I am getting married next October and want to be able to hang out with my future children but it is a little hard to visualize that since I don't have kids and am not married yet.What book would you recommend to read next to really pound my why into my head?
Tzvi Keisar
Recommendation for tax strategist pro
19 November 2024 | 5 replies
I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.
Deborah Kowalchuk
Buying a property w/existing HELOC and seller financing
20 November 2024 | 1 reply
Here's the drama part, while married her husband somehow went behind her back and pulled out a large HELOC.
Brandon Staines
Girlfriend and I broke up , Now what about the house?
19 November 2024 | 7 replies
She'd probably have to get a new loan in that scenario however obviously in order to get you off the current loan unless the loan is assumable, but that's the downside of linking your finances on a 30 year contract without being married.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
The tax payers of the world cannot pick up the tab for this waste of energy and so-called "innovation."
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 November 2024 | 47 replies
If you are married - put each one in a single name and you can then have 20 - there are higher qualifications the more you have though.
Kim Tran
1031 Exchange Equivalent from investment properties into primary residence
19 November 2024 | 10 replies
If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.