Kyle Chuhran
Selling Lot from Primary Residence - Tax Implications, LLC?
I am looking to invest in single family rentals in the near future. To build some capital, I am going to sell a buildable lot that is part of my primary residence. I know I will start an LLC when I purchase my first...
Vladimir K.
Renting out my primary residence home
We just bought a single family house with an intention to move in, but our situation changed (kids daycare related) and now we want to rent out for a year and then move in. Has anybody been in this situation? Did you ...
Kin Leung
Tax and mortgage interest question
Hi BP,
We currently have 3 properties in the Bay Area, 1 of which is our primary residence. The other 2 are rental properties with enough positive cash flow that we have to pay taxes on the rental income after all the...
Francisco Avellan
Capital Gains Tax Avoidance
Hi everyone,
I bought my primary residence 8 months ago. I intended to live here for 2 years and then keep it as a rental property. The issue is that a train track runs behind it and the vibration is horrible (litera...
Emily Kaitlyn Hunter
1099 Tax Return Messing Up My Loan Application?
I am a fully commissioned 1099 insurance agent. I bought my first house 3 years ago for $269,500. I am now looking to put offers in on second home/airbnb rental properties that are right around this price. The most ex...
Jason Sung
Title transfer to LLC after living two years. Capital gains tax
Hi, As many of you know, there is primary home tax exemption saying 'You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 if your tax-filing status is single, and up to $500,0...
Stanton Ward
Purchasing investment prop w/o being on title in primary residence
Hi All,I am in the very early stages of this journey and am trying to figure out what the best step to take needs to be when jumping in. My wife and I purchased our current home 5 yrs ago before we were married. I am ...
Vince Williams
1031 exchanges on SFH???
Can you do a 1031 exchange on a SFH or is this just for multi-family (triplex, duplex?)
Jose Rocha
Property Management LLC
Hey everyone! My wife and I currently own two properties. One is a rental, which we manage, and the other is our primary residence. The rental is easy to manage right now as my sister-in-law and her family are occupyi...
Eduardo Alfaro
Primary Mortgage as part of an LLC
Hello, I would like to hear the opinion of the experts in this forum regarding adding my primary home into an LLC where I hold 3 rental properties. I guess the concept is that I have some positive NOI with the 3 pro...