CJ S.
converting residence to rental and capital gains upon future sale
We are considering converting our 20+ year residence to rental but want to know IF or HOW we can convert it back to our residence in the future and preserve the capital gains exclusion. Does the length of residence ow...
Shaun R.
Asset Protection & LLCs
Hello Everyone. Forgive me if this has been covered, but I am a new member. I have a property that is personally owned (by husband & wife) and mortgage free/unencumbered. The property has increased in value sub...
Cam Smith
My mom and dad who I invest in real estate are getting a divorce best way to proceed to avoid capital gains?
Hello all, we own two rental properties in Nevada and a house in California with no mortgage. We inherited the house when my moms parents passed away back in 2008. My parents are getting a divorce and mom wants to ta...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Michele Satterlund
Buy or Sell In light of Capital Gains Tax?
Bought a home for $170,000 in 2010. We spent $94,780 in capital improvements/renovations before moving out in 2020. We have been renting the house for the last three years ($27,240.00 annually in rental receipts). ...
Marko Zivic
Investment Property (Out of State) to Primary Residence Exchange
Hi Guys!I have a client who lived in a SFH in Pennsylvania from June of 2013 until Feb of 2015. He then found tenants to convert it into a rental property and has been a rental property for him since April of 2015 to ...
William R. Matthews IV
Umbrella policy and land lord policy
Should I have/need both a landlord insurance policy and an umbrella insurance policy for my single family rentals? Thoughts?
Jackson Tate
Strategies for Taxes on Long Term Sale?
My dad is going to be selling his home soon, a house he has lived in for almost 40 years. He will more than likely be able to sell it for close to $2M, and his basis is probably around 500k. This sale is what is going...
Rachid B.
Capital gain tax 5 years rule question
Hi everyone, I would appreciate if someone can answer this question for me.I bought a house in Houston in March of 2012. We lived in it for two years and been renting it since.I am selling my house next month which wi...
John Bauer
Equity split between passive owner and experienced developer
I own a 2-fam property in Brighton, MA that has some extra land that can be developed. Both units are rented and cash flowing. I'm going to be working with a developer I know who has a lot of experience to go through ...