Hello fellow REA investors,Can anyone help me answer the question below, I know this should be ask an Accountant, but I just need some general ideas of the tax implication. Here is the scenarios:1. We bought an apt bu...

Good morning,
I have been given the opportunity to purchase a home that was inherited by a friend of mine. It is a small 2 bed, 1 bath single family in Monterey, CA. The house is paid for and was inherited by my frie...

I'm selling in NY. 2fam, I lived in one unit and rented the other. My acct says when I bought the house for 560k 14 years ago, and sell it for 825k, it will be split into two sales.. and on the investment unit is what...

I am considering selling my primary residence near Denver so that I can use the equity to buy a cheaper residence in another state as well as some STR's. BUT I have a REALLY good mortgage rate (2.5%, 30 fixed) and I h...

Hello. I often come across owners of high value single family rental property who's sole reason for not wanting to sell is "All of my money would go to the government". In the past I've referred an owner to a cpa near...

Dear Expert, I need your advise on my rental exchange. Below is my scenario.I have 2 x below rental and would like to sell Rental#1 and want to move the gain into Rental#2 which is the newer home.Please advise , can I...

Hi, looking for some insight and suggestions on next steps with my ADU and rental situation.At the end of summer 2022 I completed and received a CofO for an attached ADU in Los Angeles. I moved into the ADU and bega...

I'm currently looking at a house in Queens new York for about 725k , looking to house back . The dilemma I have on my hands is since I am a realtor and will be representing myself I can either take a 1.5% commission w...

Hello,We are considering selling our investment properties. We'd like to minimize or delay capital gains as much as possible. I've been reading about 1031 exchanges, and it seems like there's some options like propert...

Hi All-
A few years ago I did my first 1031, selling a condo in Brooklyn and doing a 1031 exchange into a multi-family syndication in Atlanta. I purchased a Tenants in Common (TIC) interest alongside a syndicator (I ...