Any guidance would be most appreciated, so we can be better prepared for our tax returns next year.Thanks so much for your time !

So, which is the most incentive?

Hi Kam 👋 There’s so many ways to make money in real estate and they all have their pros and cons.

Expenses do not take a break so until you have no expenses taking breaks should be quick and infrequent. 

Hello community, First of all, I'm so jealous of you having an amazing community like this, we don't have that in Denmark, which is where I'm from. 

But because it is built before 1960 banks do not insure it as it is(not renovated) for earthquake so they do not grant me a loan even though my payslip is quite good 

I started investing here in 2016 so it's been 8-9 years for me.

So after speaking with our cpa we have decided now will be the time to sell and avoid capital gains tax ! 

Adam - I know you posted this a while ago so things might have changed, but I'm invested with Broadstreet and have a relationship with some of their team so let me know if I can help in any way!

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road.