==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

The place I’m looking at has all employees and a wonderful couple who has owned it for about 30 years.

BookkeepersRole:Bookkeepers are responsible for keeping track of the day-to-day financial transactions of a business.Responsibilities:•Recording income and expenses (sales, payroll, bills, etc.)

Always ask, and don’t be swayed by a sales pitch suggesting that the distinction doesn’t matter—it absolutely does.

I just wonder about the quality of the new construction itself and the quality of contractors being used.   

@Tony Thomas So, is the seller increasing their sale price in exchange for a 0% interest rate?

I'm looking to fill my unit of mine with a tenant and I was wondering what sort of bank account I should use?

Hey @Scott Trench unfortunately real estate losses (active or passive) will not offset portfolio income from stock sale gains. 

Most investors make the same rookie mistake: They focus on problems instead of people.
Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.
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Manhattan, Brooklyn, and Queens all have an average sale price of over $1M for 2-4 unit properties.