What in layman's terms does taking exclusive / adverse possession of a property in Alabama mean when you have purchased a tax certificate or received a tax deed for vacant land? Some of the forum discussions here men...
Hi all!
I bought my first home in 2010 and lived in it for two years before I purchased my new home. It is currently a rental with a great tenant. I am considering selling this property soon so I can avoid ca...
I've read through 10 pages of threads on conversions trying to answer my questions and haven't found the answer I'm looking for.
Here's the background.
Primary residence (from 2011) purchase price: $10k...
I bought a home in bay area fifteen years ago for 750K. Lived there for many years and left to LA about 18 months ago and rented to someone as soon as I moved. I sold the property a couple of weeks ago for 1.65M and I...
My unrelated personal business has taken off and I may be looking at making $500k this year. I own no real estate. I've never made this much money or even close. I need to get rid of some of this cash so I'm not payin...
Hi all,I have a question about capital gains exclusion (living in property for 2 of the last 5 years). From what I understand, the exclusion is sort of pro-rated (e.g. if one owns a duplex and lives in one unit, then ...
Hello BP community. I am in the process of opening a Home Equity Line of Credit on one of my long term rental investment properties. The closing costs are going to be about 1% of the line of credit value. Since this i...
I have gone from zero to 33 doors in 24 months and I've gotten to the point where I need help with bookkeeping, paying bills, taxes, etc. It has become a full time job just paying the bills, contractors, etc....then f...
Hi all,I’ve just recently discovered BP and I’ve been pleasantly surprised at the wealth of information available and the number of people who are so willing to help. Hopefully I can tap into this knowledge pool with ...
I am in search of a tax advisor and/or CPA that is also a real estate investor as I start increasing my investing portfolio. I live in the SF Bay Area but currently invest in Austin, TX. I'm looking to expand to oth...