Aaron Hunt
Can you gift part equity of a home each year to avoid gift tax?
Question for RE / tax gurus:If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calend...
Joe Bell
rental to primary residence
so i own two houses one that i have rented for 15 years and one that has been my primary residence for 7 years. i want to move into the rental property to claim the $500,000 (I'm married) exclusion over 2 years. my q...
Lisa Patton
1031
Do anyone know how long you can own a property without paying too much capital gains?
Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
Hi,
It seems this is hotly debated on the internet.
If I have a single family home and rent rooms out, are proportions of common areas allowable in calculation of depreciation and expenses?
For example,
Let's say ...
Quinten Sepe
Continue to live in my SFR vs Refi and 203(k) first MFR
I currently own a 3br/2ba SFR in a desirable neighborhood of the Kansas City, Missouri area.Purchasing for 127k in 02/15, financed at a 3.875 rate, currently about 120k left on the note.Since our purchase, home values...
Dhanush Kondoth
Locking in with a single realtor - An investors dilemma
Hello Fellow BP-ians,I am not an experienced investor. I am searching out for my first deal and have got some leads going good. My question to all the Pros and also agents is that, to maximize my leads, I would like t...
LaTasha Young
low profit
I own a condo that I used to live in, but now rent out. After two tax increases and a subsequent rent increase, I only profit $18 a month on the property. I'm wondering should I just sell it or should I keep increasin...
Dustin Ruhl
Turning Your Rental Into Your Primary Residence
Real estate investments can come in varied shades. One of these would be for instance the ultimate far sighted vision of one day owing bigger home, yet in the mean time making the decision to downsize ones expenses by...
Arjun S.
IRS Section 121 tax question upon sale
I purchased my single-family home in 2018 when I was single. From the beginning, I rented out 3 of the 4 rooms while living in the remaining room. In June 2022, I got married and my wife moved in, and around that same...
Kiersten Hegna
I can’t find a house!!
I got myself ready, I read all the books, I opened an LLC, I set my criteria, I have a realtor. the only think I don’t have is a house! I’ve made several offers at asking price, even offered cash. All rejected. First ...