Anton Bachuk
Holding a flip long enough for avoid higher taxes in PA?
I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit...
Hans Thurau
Can Seller Financing Reduce Capital Gains?
I have a beach duplex in Southern California valued at around $1.8M; I originally purchased it for $350K. If I do a standard sale, my long term capital gain minus my $250K primary residence exemption will be high cons...
Ben Higginbotham
Capital Gains tax on Former rental then Primary
So here is the situation. My wife and I have just sold a property that we have held since 2009, from the time of purchous till May 2016 it was an occupied rental, from may till October of that year it was vacant as I ...
Account Closed
New Jersey Market Sample
Tax Lien Investors - Representative sample of winning bids from a NJ auction this week to help put your finger on the pulse of the market. 100% liens sold with premium. 80% sold to 2 wining bidders. Balance ...
Account Closed
Need Advice: Capital Gain Tax in California
I wanted to tap into the advice from the group: we have a property that has turned into rental in early 2018 but was our primary residence for 5 years before that. If the house were to go on the market, would the gain...
Michinori Kaneko
Capital taxes on sales of house hack homes
Hi I wasn't planning on a house hack but I have a house that I'm considering renting out portion of it. It's not a multi family, it's a SFH. The question is on capital gains tax treatment when I sell the house down t...
Jim Klapmust
1031 splitting from shared ownership
Hi all,Back in 2004, my brother and I acquired a rental property. We split it 50/50 and continue to this day. We aren’t structured as a partnership or LLC, just two bros who bought a house together.Fast forward to tod...
Kim Roberts
Saving for a rental property or adding an apartment to my current home.
I live in a beautiful home close to a community college and the downtown area (shops, bars, parks etc)that has roughly 1,000 sq ft partially finished basement. I am wondering if anyone has started their real estate bu...
Jennifer Mattek
How to defer/avoid capital gains when selling a duplex
Hello, Our CPA told us today that:
- Based on a selling price of $215,000, I am calculating a gain on the sale of the property of about $127,500. This amount of gain creates approximately $24,500 of additional feder...
Jacob Stevenson
Purchase ideas on portfolio
I'm discussing the purchase of eight properties with a retired owner. He sold a couple of his last year and one of his biggest concerns is not paying more taxes. He also wants around 180 k to pay off existing debt an...