Junior Cordova
Capital gains on profit
Hello so i’m new to investing and real estate, I bought a primary resident that ive been living in for the past 19 months. I have been looking to sell in order to upgrade. My property has gained 100k in value since li...
Jim Burns
Curious about personal capital gain exclusion on 2 year sale.
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 ...
Adam Widder
capital gains and partial exclusion
BP,We're looking at buying a SF for us to live in for the short term verse rent for the next year before we move approximately fall 2019. We'd like to make some money as the house we're looking at has good bones, but ...
Francisco Avellan
Capital Gains Tax Avoidance
Hi everyone,
I bought my primary residence 8 months ago. I intended to live here for 2 years and then keep it as a rental property. The issue is that a train track runs behind it and the vibration is horrible (litera...
Adam Matlock
Avoiding Capitol gains
Can you/I sell a house before two years and not pay any Capitol gains?I heard that if you re invest all the money's from a sell back into real estate, if you sell before two years that you are not subject to Capitol g...
Mark Martin
Searching for guidance.
I am new to investing and I'm looking to get someone to help guide me. I'm not afraid to fail but I am afraid that I'll fail because of a stupid mistake that I could have avoided. What pitfalls have you encountered t...
Hannah Leas
Capital Gains Tax Help on Primary Residence
Hey Bigger Pockets Network,I purchased a home (first home and primary residence) in August 2016 for $135,000. I put in about $10,000 of renovations. This home was located in Vancouver, WA.In July 2017 I sold the home ...
Nisarg Gandhi
HOW TO AVOID CAP GAINS ON PRIMARY RESIDENCE
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...
Sandy Gabin
How long to buy the next property?
Hi BP Family! I wanted to ask how long do I need to wait to apply to buy the next property with a conventional mortgage? Is it 60 or 90 days? I closed on the last property on June 26th. And what if i decide to buy the...
Vangie Moore
Seller's Tax Question
Good day everyone! I am currently in negotiations with a seller. He asked a tax question that I am not sure how to answer. He asked how much taxes will he have to pay when he sells his house. He has lived in the re...