Make sure you have the "joint and several" clause, often older couples are not married for tax purposes...

hi all, I've read a lot of capital gains but still I don't get answer.I bought a house in 2016 for 200k, lived for a a few months, then moved and used it as rental property.In 2022 I refinanced because of the low rates, got 150k cash out, owe 350k to the bankIn 2023 I received an offer to buy it for 450k, I was laid off so I only had 40k income in 2023 (so far) and we file married jointly, my wife doesn't have any income.How much will I pay in capital gains taxes?

We decided on a joint venture with a friend of ours who has established relationships w/ contractors in the area.

We decided on a joint venture with a friend of ours who has established relationships w/ contractors in the area.

Canada.Let's connect, perhaps we can do something jointly!

(Name, phone number, notice to vacate)ACH Form - this is optional.

We do joint ventures, lending, wholesaling, fix n flips, etc.  

Typically a lease agreement holds all tenants "jointly and severally liable" to fulfill the terms of the contract.

@Aaron Peterson yes you'll have appliance head aches with used appliances!

If you do any joint investing, then you can create a dedicated entity under it to partner on that deal.