Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
Husband and I are considering buying his parents' home and I have some questions about this and would love any feedback on how to minimize hassle and our costs. We're doing this for two main reasons: 1) Prevent his da...
Jennifer Guertin
Time to sell sfh and move into multi family?
Hi everyone. We have a sfh (former primary residence) grossing $425/month and with over $140k equity (15 years in possession) and I am finding multi family homes in same area for slightly higher monthly cash flow with...
Ronald Thompson
Roth SDIRA or Taxable Dollars for SFH Rental investments???
If you had a choice to use money from a Roth SDIRA or money from a taxable account, what would you use? Do the tax benefits of using taxable money out way the advantages of tax free income with a Roth SDIRA?
Christopher Ferrouge
Q: Owners of occupied triplex seek acreage out-of-state via 1031
Hello Fin-savvy friends! I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010. We w...
Warren Johnson
Beach condo investing
Help me with my first purchase. This is where I feel comfortable is purchasing a condo on the beach as an investment and something to enjoy. Let me know what you think I should do. It has been on the market for 6 w...
Brian Christensen
What should I do?
I found a house that I may put in an offer for. The owners are asking for what they owe, which is about $130k and the house is valued at $350k. They also want to close ASAP as they are in pre-foreclosure. What I wan...
Nicole Stoddard
Self-Directed IRA in Utah or Idaho?
Hi - I'm looking for a bank or credit union that offers the Self-Directed IRA products and services. Looking in Utah or Idaho . . . any suggestions?
Chris Nelson
SEC 121 & 1031 Exchange at the same time with a QI?
Hi BP,Wife and I purchased a duplex in NC on June 13, 2014 lived in it until September, 2015 (15 mts) and rented it out for the remainder; we've owned it for a total of 29 months. We moved to Florida for work. Can w...
Ricardo P.
1031 Exchange or 121 exclusion or both??
Ladies and Gentlemen, I have a landlord friend of mine that lives down the street and is getting roasted due to covid 19 and a tenant who hasn’t paid rent since February 2020. He lives in a small 4plex apartment ...