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Hi, I just listened to podcast 238 where Swanny talks about taking his condo and 1031 exchange into a multifamily. Is there a similar strategy available for Canadians to avoid capital gains?My townhouse in Surrey has...
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Hi All,I'm considering putting a somewhat avant-garde offer in on a multi in my area. The seller is close to 90 years old, has 3 children, and, having owned the building for 60 years, likely has no mortgage. She does ...
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Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...
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We have a rental home in Utah that we're considering selling in the next few years. It has 15+ years of depreciation and about $200,000 equity. We're considering moving into it for two years to save on the capital g...
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A spouse wants $50,000 of the $140,000 value of a real estate property being held in their spouse's SDIRA in Florida- an equitable split property state when it comes to divorce. The spouse who owns the SDIRA will NOT...
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I have a friend who buys and sells cars at the auto auction and wants to somehow figure out a way to work together with me using my money and no other real resources (i'm not involved in business). I want to avoid...
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Hi, We had to call VRBO for a bill that they are charging us and this is how I found out that VRBO charges 10% commission for any booking that was made outside their platform. They said that they have access to extern...
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Hello BP Community! I am in need of some advice/knowledge on Capital Gains Taxes pertaining to my personal situation.My wife and I currently live in CA and are planning to sell our primary residence in the next month...
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Hi All,
I have an interesting deal here. My seller owns a historical 9 unit multi in New Haven CT by Yale which he has owned for 63 years. The time has come for him to consider his exit from the property. In the last...
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If you had approx 2.4M what stategy would you do? Keep in mind I am brand new at this. I do have to do a 1031 exchange to avoid capital gains. My goal is to generate income since I am closing my business which is my 9...