Just make sure you do it the legal way.

I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio.

The insurance payout also impacts your taxable gain.

That will put us into the long term capital gains category on the sale. 

The caller, William Silva, claimed to be a salesperson for a company called “Estate Legal.”

The only reason you’d consider a 1031 is if you have more than $250k in gains (if single) or $500k in gains (if married.).

Hey @Joel Oh, so let's clarify the NYC rules around STRs.STRs are legal in NYC as long as these directions are followed."

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

I was looking for assistance, mostly with the tax implications and legalities of setting up the structure.

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio.