Hi BP, need some advice/input. Planning on doing a Brrr and have an investor to fund the purchase/rehab, and just want to give them a clear understanding of how it can affect them. When we’re going to pay them their...
Hello BP Community! I am in need of some advice/knowledge on Capital Gains Taxes pertaining to my personal situation.
My wife and I currently live in CA and are planning to sell our primary residence in the next mon...
I am stuck in a predicament, I currently own two homes one primary and one duplex rental. an preparing to buy a 24 unit by the end of next year. my question is with this being my first big investment should I try and ...
I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains
Hi Everyone, I’m confused about capital gains taxes on the sale of my rental property. First a little background: I bought a condo in Florida in 2008 for $200k I lived in it as my primary home until 2013 at which poi...
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.With that low income, can i still be charged capital gains?I...
The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...
Before anyone says it, yes I have a CPA, he's on it and I'm waiting to hear back, but my realtor is questioning what my CPA's already told me.
Here's the situation: I am under contract to sell my previous primary res...
Hi guys i have a question for everyone and hopefully someone can help me out about me selling my home. I bought the home in February of 2017 and i rented it out in November of 2019. My tenants are moving out this end ...
Hi all,I am currently in the process of selling a vacant lot owned by my LLC in Washington state. I have owned the property for about 2 years and will only make about $8k, but I was wondering if there is a way to avoi...