Hello, purchased our first primary residence in May 2023. Are there any tax benefits to “renting” one of the rooms to your young adult kid? Also, any recommendations for new homeowner tax advisors in San Diego? Mira M...
I live in Tennessee and have lived in my house for the past year. I’ve fixed it up and am wanting to sell it now. I know that If I lived in it for 2 years I wouldn’t have to pay capital gains tax does anyone know how ...
Hi, I will inherit a multi-family property with no current mortgage and 4 Rents as income along with my Sibiling. She wants to sell to me. But want to retain my Fathers' Prop 13 low Tax basis when transferring ownersh...
How do you handle dogs? If you buy a park and the tenants have "dangerous breeds" how do you handle that? Do you have them sign an indemnification agreement or get rid of the dog. What about mixes that are clearly ...
Here’s my scenario:Parents have passed away and left 2 sons their primary residence (which was in a family trust). Prop 19 requires one of the sons to make the home their primary residence within a year and file exemp...
I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...
I now have my finances in order to start the process of actively looking and bidding on houses. I have two good friends who are legitimate successful Real Estate agents. I have an acquaintance of a partner that is a p...
Hello. I'm looking for some feedback on a group of potential tenants that are pooling their resources to live in a 4 bed, 3.5 bath condo.
There are 2 adult females and 2 adult males along with 2 17-YO males.
Cummula...
Hello I am going to sell my primary residence in Idaho and use the proceeds to buy a less expensive home in Oregon without a mortgage loan (all cash). I plan to live there with my wife. We have adult kids. Would it be...
Hi everyone,I am new to RE and I am looking at doing my first deal. I am looking at purchasing a SFR that has a one bedroom apartment in the basement that I can buy for 60k. It needs about 30k of rehab and the ARV com...