Burt L.
How Can A Self-Employed Wholesaler Best Present Tax Returns to Qualify For a Personal Residence Loan?
After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...
Jason Wilson
Transferring Dad's property into my name.
My dad bought the house for a dollar and I was planning on buying it from him for a dollar as it is a vacant property that needs over 70k worth of renovations to make it livable. He does not have the desire to get a ...
John Swiger
Help me save my mom from not having a savings :(
I have three properties that I need to do something with, any ideas would be so grateful. I'm in my late twenties and needing a way to save my mom from not having a savings. Here the properties: 1. My mother's house (...
Joan MacDonald
Options for holding cash profit from sale of real estate
Thinking of selling a residential duplex investment property in CT. A sale would yield $250-300k profit. Owned it for 5 years. I have a commercial mortgage on it in the name of my LLC that I also personally guarantee ...
Mark Ashton
Capital gains tax on sale of 2 homes?
Hello,I'm looking for help evaluating tax strategies for selling my two homes. Here's my situation: We own a home we lived in for 18 years (2000-2018). We moved out of that house (House #1) in summer of 2018 and ar...
Michael Yu
How to structure and manage foreign borrowings
Looking for expert legal and tax advice - Just found out I could potentially borrow in another country with a very low rate and have been thinking about how to put this opportunity to use while having a proper legal a...
Aubrie Larsen
Capital gains when Renting basement?
We’re having an investment property built that we are planning to live in for a while, build equity in and then sell. We also are hoping to rent the basement on AirBnb. How does that work with paying capital gains on ...
James N.
Avoiding taxable gain by living in property 2 of last 5 years
Hello BP,I have a condo I lived in for about 2 1/2 years as my primary residence, then I leased it out for about 2 1/2 years. I'm looking to sell and avoid taxable gain. I'm trying to determine exactly what day I have...
Abhi A.
Buyer responsible to get CO
I am looking at a property and the numbers make sense. The property has new roof, no major issues with HVAC or boiler. But really run down inside. Which i think i can work with.
Question: The listing says "Owner wil...
Ian Berg
Trading property tax strategy?
I'm purchasing a 2 acre development property from an older lady who has lived there as her primary residence for 20+ years. She wants $1.5M for it which is a fair price. She wants to buy a duplex with part of the proc...