I sold two properties last year, one of which was a rental, but both pass the look back test. Would I be able to claim the exclusion of gain for my primary residence and claim a partial exclusion for my renal or vise ...
I am a first time home buyer trying to start my real estate portfolio. My goal this year is to buy a rental property that I can lease as soon as I close or after some minor repairs. I am open to single family homes an...
I’m hoping somebody can help me solve this financing puzzle. Here’s the situation:1) we currently own two profitable airbnbs 2)live in a primary residence we want to turn into an Airbnb but this property does not prod...
What is the common rental best practice for qualifying multiple occupant applicants that will reside in a single property?By qualifying I mean, asking for an application, running a background/credit check, verify inco...
I don’t think I would, but for some reason the IRS’ web sites example claims that I would, despite it conflicting with several CPA articles that I've read that state otherwise. I thought that as long as I lived in the...
We have owned a home for over 8 Years and rented it for the last six years in California. Can we occupy for the next two years and then sell as owner-occupied to avoid capital gains?
I'm surprised after reading this article:https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the non...
We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...
Hey all!Will be relocating from Portland, OR to Atlanta in the next 1-2 months. Our house in Portland is on the market, and we need to sell it in order to afford the down payment for an Atlanta purchase.The question: ...
So I bought a house in June 2015 in Orlando, FL I currently have it rented out with an option to purchase, they tenant-buyers put down a fairly large option fee and are self-employed, the deal should close in 2019I ha...