We have a lot of equity in our home and want to relocate. We lived in it for 1 year and then rented it for one year. After the renter we moved in again and have been living here for 18 months. My question is, can w...
I converted my primary residence into a rental property three years ago. Last year, I completed a 1031 exchange, where I exchanged that rental property for two new residential rental properties. The overall gain on th...
Hello BiggerPockets!I am SO glad that I have stumbled into this wonderful community. My S.O. and I have been reading as well as listening to the pod-casts for a month now. For about a decade I have wanted to get into ...
I've been told by my real estate agent (and confirmed through my own due diligence) that if you sell your house after 2 years, and before 5 years, you're not required to pay capital gains tax. I've owned my house for ...
Hey guys!
Hope this post finds you well!
Anyway, I've come up with a scenario where I am starting to wonder if it is doable and completely legal related to capital gains exclusion rule. If my business partner and I ...
Are there any typical minimum terms that those providing seller finance impose on the buyer? Surely as the whole point of selling financing is to obtain a long term steady income, it wouldn't be in the interest of the...
Hope all is well. My parents own a home in MD and owe about 500k on it. As is, the home can sell for 1.1/1.2. The home was purchased in 2008 for 700k. Mom passed away last year unexpectedly. Now, Dad and I are trying ...
I want to move my business and business address out of my home office. I would like to rent shared office space where I can hang my business and professional licenses that also offers a shared assistant that will prov...
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
With the House Bill released today, what would be the impact if enacted in current form? Especially with changes to business income tax rates, interest expensing, and capital investments being immediately deductible.