Manuel Naranjo
The $250,000/$500,000 Home Sale Tax Exclusion
Hello my BP mates!!Just have a little question about sale tax exclusion. I purchased a townhouse back in 2008 and lived there until December 2014 when I rented the property and moved to a single family home. I sold th...
Thomas F. Byrne
Own a home which contains both rental units and home studio
I'm purchasing a home and plan to rent out two of the rooms. In addition, I use a room for my self-employed, exclusive place of doing business, which will then include the responsibilities of the rental property. Rela...
Zeb Wallace
Paying rent to my own LLC in a House Hacking structure
I live in one unit of a triplex which I own (i.e., House Hacking). Both this property, and another property that I own are in a single member LLC, of which I am the sole owner. Because I have been staying for "free"...
David Bittorf
Can you use your 401K to buy real estate with getting taxed
My father-in-law, who is in his mid 70s was wondering if it's possible to use funds from his 401k for a down payment without getting hit hard on the taxes. In other words can the 401k essentially be transferred to re...
Joe Sadusky
taxes on fix & flip
Hey BP!Have another tax related question that I'm hoping someone can help me out on. Up to this point, I have done Buy & Hold on all of my investments so I am not sure how taxes work (aka capital gains) on a fix &...
Stefanie K.
Tax Free Gains for Primary Residence (2 of 5 moving to 5 of 8)
Hi BP - Curious what others have done when faced with the deadline to sell under the current "2 of 5 year" rule and soon to be "5 of 8 year" rule in order to take gains tax free on a primary residence.We own a very ni...
Jonathan Moerdler
Best SDIRA Strategies
What are the best strategies to use when using funds from a SDIRA I changed jobs and have money in my company’s 401k, but would like to use this money to begin my REI. Which strategies work best with these types of fu...
Terry Royce
A few questions on Double Closing
- Do you have to include any special clauses in your contract when doing a double closing. Also, with the end buyer do you just use a standard purchase sales agreement.
-Do you have to pay capital gains on a double c...
Syed Hussain
First Time Landlord Lease question (Montgomery County, MD)
We recently moved to a different state and are about to list our property as a rental. We flipped the entire property and it's practically a brand new home in a Class A neighborhood in Montgomery County, MD. We were g...
Cameron Moore
Is Your Roof ACTUALLY Covered On Your Insurance?
Obviously everyone knows that the roof is included in most policies with the exception of Wind/hail Exclusions but are you aware of your deductible? ACV or RC? A new roof can cost anywhere from $9000-$30000 depending ...