Caleb Webb
Capital gains question
23 July 2024 | 5 replies
@Caleb Webb You're past the point to qualify and exclude any tax using the primary residence exclusion.
Kevin S.
Abandonment. What to do?
25 July 2024 | 24 replies
I would focus on opening the lines of communication rather than making the situation more complicated by trying to introduce another new agent to the mix and try to claim abandonment to exclude the original agent.
Jacky Fan
Cash-Out Refi or Selling
22 July 2024 | 10 replies
But the 2 of 5 rule for excluding up to $500,000 in taxable gains might (we don't know how long you have owned it.)We also don't know your equity position in the property, or how much you are thinking to taking out of it.
Mason Griffin
Househacking after college with twin brother, both military!
23 July 2024 | 10 replies
That's the reason why despite 66,000 duplxes, there are barely any on the market (about 120 listings currently excluding the hood) - the reason is simple, you are basically an idiot if you are selling your duplex when you buy another house.
Manuel Angeles
Market Report: Warehouse / Distribution in Los Angeles County, CA as of July 1, 2024
19 July 2024 | 1 reply
Effective rents, which exclude the value of concessions offered to prospective tenants, also declined by 0.2% during May.
Account Closed
How to get to $30k/month if you were me?
23 July 2024 | 42 replies
Imagine the return if you could operate the machine for structure building every workday (excluding holidays).
Mak K.
Title company screwed up taxes and county back charging taxes for 4-5 years
19 July 2024 | 17 replies
If that's the case, while I agree you should submit the claim to your title insurer and not the agent who issued the policy, I suspect the claim may denied as a matter occurring after the date of policy and therefore excluded from coverage.I handled a similar title claim and found courts had found that a tax lien as a result of a reassessment of the property became effective when assessed and was not retroactive.
Jameson Sullivan
I am a Retail Broker - Here's some basics you should know before investing in retail.
19 July 2024 | 6 replies
McDonalds might not allow a chicken restaurant or a Starbucks, Panda Express wants to exclude ALL Asian food (Thai, Pho, etc.) so it is paramount that you understand the exclusive use clauses in each of the leases in the property that you are buying and how it will affect your ability to re-lease your spaces when they do ultimately go vacant. 7.
Anwer Shaikh
1031 Commercial Deal - Price Reduction or Escrow
17 July 2024 | 4 replies
The tenant lease states that the tenant is responsible for paying property taxes unless the property tax increase is due to the sale of the property in which case the tenant is excluded from the property tax increase for a period of 5 years.
Doug Quist
Why, when logged into biggerpockets.com can't I comment on articles?
16 July 2024 | 0 replies
Thanks to a special IRS tax loophole, homeowners can exclude $250,000 to $500,000 of capital gains from the sale of a primary residence, so long as they have lived in the property for two out of the prior five years."