If we sell investment Condo to convert to primary 2 years later to use tax exclusion and protect gain during investment years will the post 2009 "non qualifying" years (rental) be excluded from protected gain?
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My plan is to use the buy, fix, and hold strategy. I've networked with some wholesalers, contractors, and lenders and have been approved for financing. I'm seeking some unbiased advice before I get my first propert...
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Looking for retirement planning options. Employer 401k is not an option. My income is W2 income and the passive income from investing via rentals owned in a one member LLC with no employees. Roth IRA is not an option....
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I have a buyer looking to purchase investment property via 1031 exchange in Nevada (income tax free state). Can a California buyer avoid paying income tax on rental income in Nevada or report and pay in California?
A coworker of mine is allowed to work remotely from home. He has recently purchased a home in Nevada and has declared permanent residency there via his employer and has gotten it approved. In reality, he lives in Sacr...
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My wife and I and my parents set up an LLC for a house we purchased and rent out at the beach. We messed up and used it for more personal days than we should have this past year (won't make that mistake in 2011) so w...
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Investment Info:
Large multi-family (5+ units) commercial investment investment.
This is a value play as a passive investor. About to receive tax free income from a cash out refi.
What made you int...
Hello to all! Thank you in advance for reviewing my question. My question involves three parts: Capital Gains tax liability, a 1031 exchange, and seller-financing. Here is the scenario:
- Investor purchases a propert...
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BP community, I could use your guidance. We are selling one of our 2 rentals to free up cash to reinvest. We thought about a refi but decided to price it high as the market seems to be peaking and to test the water. W...
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This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...