Tyler Anderson
Tapping equity vs. traditional lending
15 August 2024 | 6 replies
Since this was your primary residence 2 of the last 5 years you would be exempt from taxes on a sale up to $250k in profit ($500k if married filing jointly).
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
Newly married and out of college, their first home purchase has turned into a nightmare.
Terese Victor
Negotiating selling commission on a $1.2M sale
15 August 2024 | 6 replies
Have the agent married to getting it done.
Jonathan Rivette
No Credit History (from 1 of 3 tenants) - Should I Be Concerned?
15 August 2024 | 4 replies
Maybe he doesn't believe in using credit and pays everything in cash.This man and woman are married and she has excellent credit.
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies
And your capital gain on the property, including depreciation recapture, is under the limit of $250k for singles or $500k for married couples.
Jamaal Wofford
How to off high center? Where do I start?
13 August 2024 | 7 replies
I’m married with 4 kids, I make about $175k a year, we have about $250k of total debt, about $500k to $600k in equity in our current property, around $15k in liquid cash and close to $200k in retirement saving.What does action look like for me and my family?
Chuck Baldridge
Getting started plan
13 August 2024 | 2 replies
If you live in the property for at least two years before selling, you might qualify for the capital gains tax exemption under Section 121, allowing you to exclude up to $250,000 ($500,000 if married filing jointly) of the gain.
Theresa Hansen
I'd like to hear from you if you had Zero REI experience starting out
13 August 2024 | 15 replies
I am married but my husband is clearly not interested, or never thinks it's the right time, (market, elections, not enough time etc), honestly I think he's just afraid.
Marc S.
Property in Hogansville
12 August 2024 | 0 replies
First, if she sells the property as a resident of FL, what are her tax implications in Georgia being that the property was left to her by the man she was seeing but never married to, and she was put on the title?
Anna Brown
LA Property with lots of Equity
15 August 2024 | 57 replies
But if you're married you'd get $500k tax free upon the sale of this home anyway.