Brendan Scully
Selling to LLC for Capital Gains Exception
I have a rental that I lived in for two years. It has been a rental the last two years and I plan to sell it soon in order to take the capital gains tax exempt. However, I would like to keep it if possible. I have ...
Ana Marie B.
SFR Designed as Duplex, but Not Zoned as MF
Hi BP Fam! So my husband and I came across a lovely property in the SF Bay Area that is zoned as a SFR, but is designed as a duplex -- 2/1 + kitchen in the main house and 2/1 + "kitchen" in the back of the house (bot...
Michael C.
How to claw back rent arrears after getting an LTB order
Hi, newbie to the forum, was hoping I could get some advice on how to claw back rent arrears after getting an Ontario LTB order. Had a bad tenant who took advantage of Covid and ended up owing me approximately $15000 ...
Ananth Subramanian
Post Eviction Judgment
Hello, if the landlord has an eviction judgment in his favor what is the best advice you can give to the landlord in case the tenant appeals.1. Hold on to it and wait for the appeal judgment2. Do negotiation with the ...
Jonathan Ward
Selling property... Sister can't report sale to IRS this year.
Hi,My sister and I rent a property that's in a Revocable Trust. Our tenants have given notice and will be out by 5/1. Being an 87 yr old home, I would like to sell the property. She and her husband have been hit hard ...
Rehaan Khan
HOW TO BEST FILE TAXES ON A FLIP?
Hello everybody,
Hope all is well. I bought a condo last year on my personal name, did the work it needed & sold it later. To those who have done this before & have experience. What is the best & busines...
Account Closed
Why Buy Real Estate in Your (IRA) Retirement Accounts?
The single most powerful way to accumulate (and keep wealth) through real estate is to purchase it in your ROTH IRA account. Purchasing within a ROTH IRA is using "Post-Tax" dollars, in other words, you have already p...
Blair Colsey
Having your credit run
Hi All,Perhaps a silly question for the group but I wanted to get everyone's take on the impact of having your credit run. Obviously a big part of investing is working with different lenders and each one needs to run ...
Reggie Nworie
Appraisal Risks – Part 2: What Do You Mean the Appraisal is “Too Good”?
Appraisal Risks – Part 2: What Do You Mean the Appraisal is “Too Good”?
This is part 2 of a 2-part series on appraisal risks. In Part 1, we discussed what to do if an appraiser undervalues your property. In Part 2, ...
Justin Atkinson
First time rehabber questions
I have been reading this forum for the last few months, but since I just got my first HUD foreclosure deal accepted this week it's time to plunge in and pick the collective brain of this community.
My in-laws are in ...