Hi All!
I recently (November 2020) purchased a property in Northern California and the market lifted quite a bit in the 12 months (18%+). Sadly i am having to move cities due to another job opportunity but didn't wan...
Hey BP - hoping the awesome tax nerds can help me out with this one! Working with my CPA to determine whether or not my wife and I are eligible for a cap gains exclusion. Here are some high levels bullets:- my now-wif...
I bought my primary residence 4 years ago for $150k. Now it's worth $200k because of market increases in the area. I'm planning to buy a new house to live in and rent out the old one, but I'm concerned about becomin...
As the title of this post mentions, Buyer should be aware that now the MLS requires Buyers to be in a agency contract with their agent before scheduling any tours. This should have already been a common practice, but ...
So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/
Says:
Additionally, the passed bill included an extension to keep tax-free the...
Good afternoon all.I am just a newbie and I am wroking to get my fist deal done by the end of this year and I was recommended a realtor by a friend of mine who has been investing successfully for the last couple of ye...
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
I came across a real estate agent that I meetup with in person and wants me sign a "Exclusive right to represent buyer for residential property". I told her that I do work with other agents. As a new investor should I...
I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...
q1:If a couple could choose to sign divorce papers before or after the sale of the home is there a better choice? q2: Is the capital gains rules on living together the last 5 years strict. The state wants a separation...