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Hi, BPers,I plan to turn my current primary property into a rental one within one year. Right now it has 2 bedrooms, after it becomes a rental, I want to renovate it to 3 bedrooms. Should I renovate before or after I ...
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Hi Everyone,I’m looking to start house hacking in northern New Jersey where I was raised. Specifically in the Bergen County Area. I recently graduated college and am eager to get some skin the game. I have done a few ...
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Hello! About to close on my first rental property in OKC (B class 4/2). Anyone who operates in this market have some insight on whether a washer/dryer combo is usually provided or would most prospective tenants expect...
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So as the title says I am looking at a great property with long term tenants already in place so the property is truly turnkey and the price is right. However I have a suspicion that the property may still be fully kn...
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First-time renting my home. We have two possible applicants. Help me think through the pros and cons to determine whom I should rent to:
Candidate 1: Single recently divorced person with a 65 lbs pitbull. Getting $45...
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What is the best website / service to do full background and criminal checks of potential tenants? All of my previous tenants have been screened myself and have had no issues until now. My current tenant left with no ...
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Can I be held liable if a tenant of mine has a pit bull that bites? What actions would you take if one of your tenants brought a dangerous dog breed home.
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If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,
And then I sell the house for $700k
I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?
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Taxes
I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.
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Wanted to find out if one can 1031 from a personal residence to a Commercial MFR? I thought that was a no-no but perhaps it IS allowed?if Not, how long would one have to rent out the personal residence (treat as a ren...