Greg Hughes
Want out of vacation rentals but unsure where to move the money. Any ideas?
I have three vacation rental condos that I have managed myself for 20+ years and I'm ready to stop. I want to sell them but want to avoid the capital gains tax and still want some income from that money. I'm lookin...
Travis Elliott
Question For Rich W...Heeeeey Riiichh
[b]You posted this before
""f you have the ability to build a home and a flexible wife, MOVE often if property is appreciating in your area. Many years ago, you could sell your personal residence ONE time in your lif...
Sudhir Jain
Selling my home to my own LLC, then renting it out
HiI lived in this condo for five years before moving out about one year ago, and then rented it out to a tenant. I do not want to sell the unit.How can I preserve the tax free treatment of capital gains during those f...
Yi Chu
Roth IRA vs. Cash: Tax Benefits & Depreciation on Multifamily Investments
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?
Tyler Van Wagoner
Tax Exposure - Roll proceeds to pay off debt
Hypothetically, If I owned two homes with a mortgage on both - could I sell one home and roll the proceeds TAX FREE to paying off the debt of the other property? Or would I have to clear the proceeds and then apply?T...
Geo Tan
House-Hack Verification?
Hello BiggerPockets community!This may be a very simple question but I was wondering if anyone here knew what sort of documents do I need to prove that I lived in the property for the 2 out of 5 years owned in order t...
Fausto Carosella
Primary Residence exemption and/or 1031 Exchange
Hey All,My parents are going to sell their primary residence they've lived in since 1984 in a suburb of Boston. It's a triplex. For the sake of simplicity I'm going to round the numbers. They bought it for 100,000 and...
Michael Morrongiello
Can you DEDUCT Payments being paid on a PRINCIPAL ONLY Note ?
Situation; Elderly Seller bought their Triplex home for around $350K Many Many Years ago. She lives in One unit and rents out the other TWO Units. Today its value is around $1.4M +/- She has discovered that IF she se...
Michelle Costello
Selling two family, capital gains advice and multiple properties
I am selling my two family home in Boston, MA. I will make about 200k off this sale. I lived in the home for 5 years and rented the second half out. Am I entitled to exemption on the whole property? If not, can I use ...
Jeff Wright
First home, over half equity, sell it or rent it?
I'm in my first home purchased with my wife and flock of kids but am about ready to sell it. However long term hold is looking pretty darn attractive. Could sell in great market now, or refinance for funds and rent i...