
26 February 2025 | 5 replies
@David Avetisyan If you sell your home for $510K and provide a $10K seller credit, your taxable gain is based on the net sale price of $500K ($510K - $10K credit), as seller credits reduce the gross selling price for tax purposes.Tax Impact in CaliforniaCapital Gains Calculation: Your gain is the net sale price minus your adjusted cost basis (purchase price + closing costs + capital improvements).Primary Residence Exclusion: If you’ve lived in and owned the home for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married) under IRC Section 121.California Tax: Capital gains are taxed as ordinary income at rates up to 13.3%.The $10K seller credit lowers your taxable gain.

9 February 2025 | 3 replies
Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

4 March 2025 | 3 replies
Is the unit set up for rent by the room in a good efficient way?

4 March 2025 | 2 replies
The more acres sold together, the cheaper the buyer can get it for most times

30 January 2025 | 3 replies
RE isn't the stock market.

12 February 2025 | 7 replies
Start with the address and details about the rental.Create a section for tracking the lease information.

27 February 2025 | 6 replies
I have turned up the water heater to the highest temperature available, but it does not seem to have fixed the issue.

29 January 2025 | 14 replies
We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.

25 January 2025 | 15 replies
At the very least, I would request a refund of the original application fee as the City made a mistake causing you to have to submit again.