Jessica Uresti
First investment Construct and Rent
1 May 2024 | 22 replies
Your operating expenses appear to exclude property management, which can be 8-10% of your rental income.4.
Amit Shukla
Tips for reviewing the insurance policy?
1 May 2024 | 14 replies
If not excluded, then it’s generally covered.
Max M.
Closing costs on sale of rental (cap gains exempt)
30 April 2024 | 4 replies
Good morning,I'm selling a rental property which is excluded from capital gains tax under the primary residence exemption.
Dominique Coffin
1031 Exchange to Seller Financing
29 April 2024 | 3 replies
For example, if you sell a $750K property with $500K in seller financing...well, the $500K will be excluded from the exchange and capital gains taxes will be recognized as payments are made.
Tony Mendoza
Transferring House Hack to LLC??
28 April 2024 | 11 replies
If 75% of the project is getting reported on your Schedule E you would only be able to exclude 25% of the gains.
Gabe Barlow
Lead Exposure Allegation
26 April 2024 | 1 reply
It appears this might be excluded from insurance coverage, and I am trying to look through disclosures and contracts about lead issues.
Earl W.
Flat Fee MLS Companies. Are they all the same?
26 April 2024 | 10 replies
Zillow can be fun to deal with.Anyway, the fun part of the Exclusive Agency Addendum" in Texas is this:"If Owner sells or leases the Property to an Excluded Prospect, Owner will not be obligatedto pay the fees due to Broker under Paragraph 5A of the Listing, but Owner will pay Broker, at the time the sale closes or the lease begins, a fee equal to"and an excluded prospect is defined in the very next paragraph:"In order for a person to qualify to be an Excluded Prospect under this Addendum, Owner must send Broker written notice identifying the Excluded Prospect by name, address, and phone."
Brett Stec
Capitol Gains - selling second home
25 April 2024 | 7 replies
Would be ideal to try and qualify for §121 exclusion - which allows you to exclude up to $250k of gain for selling your principal residence ($500k for MFJ).
Adnan M.
Insurance Advice Michigan
24 April 2024 | 5 replies
@Jim Wellingtondoes MSI allow you to include or exclude certain coverages?
Justin Baroy
Capital gains tax on primary residence
23 April 2024 | 2 replies
Hey Justin, Section 121 allows you to exclude 250k from gains as single and 500k from gains as married.