Takahito Torimoto
Questions on Section 121 Exclusion for Primary Residence and Capital Gains Tax
31 July 2024 | 5 replies
Simply own and live in the home for 24 months of the past 5 years from the date of sale, and receive a tax benefit of up to 250k of excludable capital gains from tax or 500k if married and filing jointly.
Reese Shulman
Real Developers Leaving California
28 July 2024 | 3 replies
If developers do not build additional housing units it is likely we will see rents increase on much older and likely inferior housing compared to what developers would have built.Major Housing Developer Pulls Out Of California
Daniel Murphy
depreciation recapture / property transfer / divorce
30 July 2024 | 3 replies
Or info on any effects of changing ownership of the STR from joint to individual in the case of a divorce?
Colton Carew
NW Ohio Lease Agreement
31 July 2024 | 10 replies
They can verify it meets current law, explain some of the more complex clauses (e.g. joint and several liability), and maybe provide suggestions on where you could strengthen it based on their experience.In my experience, most attorneys have very little experience with landlord-tenant disputes.
Justin Dziedzic
How to go about finding like-minded parter?
30 July 2024 | 4 replies
Don't just ask for something, try to give something first - a Joint Venture opportunity - cold calling for free - etc.
Dave Foster
My first investment
30 July 2024 | 2 replies
What I mean is, it looks like as a married couple filing jointly we pay $0 in cap gains on first $94k, so could we use a strategy to pull out $94k in cap gains then 1031 the rest?
Monica A.
When to sell rental property to qualify for 2 out 5 capital gains exemption?
30 July 2024 | 3 replies
Before that it was primary residence since January 2019.Do I need to sell it this October to avoid capital gains tax to qualify for 2 of last 5 years exemption for capital gains (up to 250K single, 500K married filing jointly)?
Paul DeLeon
Second home purchase
29 July 2024 | 2 replies
I have an opportunity with a family member to jointly purchase a home for the family member to live in as their primary residence.
William Trabold
Structuring a Partnership Deal
28 July 2024 | 1 reply
My business partner and I have a joint LLC (shared business bank accounts / credit cards / etc) - pretty standard stuff.
Marcus Welson
Complex Exchange Scenario for Rookie Investor
27 July 2024 | 4 replies
Approximately 300K value based on current market conditions.My interests were acquired in 3 steps:(1) Initial quit claim of 1/3rd interest (single owner to 3 joint tenants with rights of survivorship on title).