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26 February 2025 | 4 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.
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19 February 2025 | 2 replies
The site looks like it came back online and it's stunning.
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25 February 2025 | 0 replies
I'm closing on my first single-family home in the Memphis area, which I plan to turn into a long-term rental.
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11 February 2025 | 25 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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16 February 2025 | 9 replies
Business Growth: As I’m focusing on multifamily, industrial, and retail assets, any advice on how to position my company to stand out in a competitive market?
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19 February 2025 | 27 replies
Saw this program on Facebook today.Like all online coaches, I question if someone is bringing in millions of dollars, why do they need to be hawking a $5k course?
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11 February 2025 | 0 replies
Speaking from hands on experience on both platforms as I've worked with both Carrot and Wordpress sites (more than 400 sites so far since 2017), what carrot brings into the table is their simple, all in one, fast website platform.
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19 February 2025 | 9 replies
Just closed on a couple of properties a week or so ago.
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22 February 2025 | 8 replies
Some context, I have 3 other properties in a different city and am currently on 1099 income (so I can't do conventional) for the past 3 months.
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13 February 2025 | 3 replies
Taking a break from working on our 2024 bookkeeping and taxes.