We read that there is a capital gains tax exclusion of $250,000 per person. My wife and I bought a home 40 years ago for just a few thousand dollars and the home is now worth $4 million. My three children are on the d...

We read that there is a capital gains tax exclusion of $250,000 per person. My wife and I bought a home 40 years ago for just a few thousand dollars and the home is now worth $4 million. My three children are on the d...

The two-bed setup allows couples to be together, or a parent and adult-child.

We lived in the home for 4 years (along with my parents!)

Thanks everyone.. my issue is im a parent and my family just recently bought our dream home.

He has been going through quite a tough time as his parent's are taking care of him.

I'm managing my parents' condo right now, which is a new construction building in Gaithersburg, MD.

Estate Planning / Tax Question located in CTMy parents plan on retiring over the next 5-7 years and have 3 rental properties with mortgages on them.

Otherwise, I'll do what my parents taught me if I don't have anything nice to say, I'll be quiet.Thank you for your post and all the other investors that kept it positive and brought some great perspectives and solutions for the original poster.

I grew up with 2 property manager parents and was fixing / flipping rentals since I can remember.