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24 January 2025 | 5 replies
As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.
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6 February 2025 | 12 replies
Best neighborhood and best assets are subjective and largely based on the individuals capabilities (balance sheet, skill set, time etc.)
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25 January 2025 | 1 reply
Licensed in both Hawaii and Vermont at the moment, navigating acquisitions and depositions by collaborating the directions of my client with grounded professional understanding.
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7 February 2025 | 2 replies
There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.
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7 February 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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17 January 2025 | 4 replies
Now, your mind is ready to learn this new skill.
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23 January 2025 | 7 replies
NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option
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9 February 2025 | 35 replies
Excited to join the BP community and connect with other professionals!
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3 February 2025 | 0 replies
Consult with a legal professional for guidance specific to your situation.
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30 January 2025 | 6 replies
I’ve taken care of all my debt and am pre-approved for roughly $220,000.