Hi All-I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain per...
The fixed rates I've been encountering have been a little higher than the adjustable rates. I know this question is a little vague, but how do I approach comparing the two? At this point, it seems like a gamble to try...
I currently have a rental property and a primary residence in which I've lived for 6-years. I am interested in selling my rental property and converting my primary residence into a rental property. After doing this, I...
I have a family member who recently had an accident leaving them in need of long term, full time, medical care. I've been exploring options on how pay for this expense and renting out their home seems to be a good fin...
I own a investment property that is 100% Owned by my LLC after paying back the loan. Now the property in Indianapolis is cash flowing $700 per month. Is this tax free?
Hi BP - Curious what others have done when faced with the deadline to sell under the current "2 of 5 year" rule and soon to be "5 of 8 year" rule in order to take gains tax free on a primary residence.We own a very ni...
If you were a single, self-employed, and location-independent worker, how would you go about identifying the best house-hacking opportunity in a tax-free US state? Ideally, I'd like to use a FHA loan to purchase a mul...
I ask this because I am modifying my strategy slightly to include this after paying a crap load of taxes last year. I fought the urge to do this since moving can be a drain on resources both time and money. I may be...
Hey All - I currently live in Nebraska. I own a couple of properties in Arizona that were purchased using 1031 funds and are being used as rentals (one LTR, one STR). I have held both for a number of years. My wife an...