Billy Morse
Capital Gain Taxes--what are the rules
I thinking about selling my house, We bought on Oct 15th for 324k and put 90k in it. We think we can sell for 500k. Is there a loophole for not paying capital gains tax. Does anybody have an idea what the tax would be?
Marzieh Rostami
Property taxes on primary residence
I have read that if I have lived in my house for two of the last five years I owned it then I won't have to pay taxes. Well I have lived in my house for two years but I've also only owned it for two years not five. Do...
Michael Gayer Jr
Any Hawaii Lender Recommendations for Financing Deals?
Aloha everyone! For those investors doing deals in Hawaii ... are there any recommended sources for Lenders you've used to finance your deals? I have bad credit, very little cash reserves, and am recovering from a y...
Miko Lee
Questions on choosing tenants
Hi all,New landlord here. I tried educating myself with a bunch of online resources and books before closing on a property, and yet, I still stumble when I am actually facing these situations. I received two applicati...
Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
I am currently drinking from a fire house on everything investment real estate. Closing on my first investment duplex this week and looking for my 2nd. I hear a lot about ways to 'off set' your W-2 income etc.. I...
Taylor Cook
Need Books help ASAP
Have a family member whose health is rapidly declining. She runs all of the books for her multiple investment properties as well as her assisted living business that she owns. She essentially needs to bow out and have...
Cam Harris
Came up with a JV idea to bring to seller. Would love feedback
The numbers:3 BR/1.5 BA SFH in good neighborhood with an in-ground poolSale price: $80KEstimates renovation costs: $35KARV: $175K to $185KEssentially the owner is an older gentlemen who was working on getting the prop...
Kristen Haynes
How To Avoid Capital Gains Taxes On Your Personal Home Sale
The laws haven't changed since 1997- and your personal home 'tax exemption' may be over the limits, due to years of appreciation in the real estate market. I found this excellent article this morning- folks in high-ap...
Account Closed
2019 Tax Planning Tip for Pass Through/Service Businesses
As we go into 2019, figured I'd share a tax related planning tip that I personally feel will be important for business owners and RE professionals moving forward. For complete details, please reach out to a tax prof...
Joe Detlefsen
Benefits Question
Hello all,I was working today. I sell high quality synthetic turf for a company in Olympia Washington. Last week I went on a call and gave the guy a bid. He needed time to think. Today, my boss (the owner of the compa...