Jeremy Vought
3 Properties & Unsure What to Do... (Sell or Hold?)
24 January 2021 | 13 replies
@Jeremy Vought any primary you’ve lived in 2 of the previous 5 years is worth *thinking about selling* due to the 121 exclusion of capital gains tax, ie you can profit up to $250k on a primary and pay $0 in taxes.
Sam Boyer
"On Call" Property Manager in rural area?
30 December 2020 | 3 replies
My maintenance guy can make a trip during the day to do the normal work orders and such.Anyone have any success putting out an ad in the newspaper or whatever for an on-call property manager privately as a 1099 employee?
Michael Carpenter
How to tax shelter or write off rental income
2 January 2021 | 3 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion
Houston Groff
Tenant wants shared yard split
4 January 2021 | 10 replies
We are thinking of telling them we wont be doing anything about the yard and maybe even giving exclusive rights to the other long term tenants and giving them the option to break the lease early and leave if they wont agree.
Kaden Fascella
First Potential Rental (Listed at $1mil) at 20 years old
31 December 2020 | 9 replies
I use both the below and this one exclusively.
Lars Hasseler
Intro and investment summary so far (3 of 5)
4 June 2021 | 5 replies
Not everyone would have done the same, but it was exclusively the property manager's fault.
Hugh Le
Question on broker acting as an intermediary
4 January 2021 | 11 replies
After reading an exclusive representation agreement, it appears that a broker will act as an intermediary.
Tariq B.
Tax taSelling Two Primary Residence Within A Year. Military. Tax.
1 January 2021 | 1 reply
There's something called a "reduced maximum exclusion" for taxpayers that fail to meet the 1 in every 2 years requirement.There are several safe harbors in the Treasury regs that will get you there.
Daniel Dunnigan
LLC Tax Savings for Land with Windmill Income
2 January 2021 | 6 replies
Regarding a gift, the land was purchased for $62,000 so even if were considered a gift I believe my uncle's share and my share ($20,000) would be under the gift exclusion amount of $28,000 (for mom and dad).
Annie DiCenzo
Eviction Moratorium in Minnesota
2 April 2021 | 23 replies
Paragraph 3 does not apply to residential landlords who issue a termination of lease ornonrenewal of lease due to the need to move the property owner or property owner’sfamily member(s) into the property and where the property owner or propertyowner’s family member(s) move into the property within 7 days after it is vacated bythe tenantIt's probably worth talking to an attorney about this specific exclusion.