Daniel Montano
How can I avoid/reduce capital gains on sale of rental property
Hi, I am curious on what can be done to avoid/reduce capital gains tax on a property I sold. I know I could have done a 1031 exchange prior to selling but we did not plan to continue investing in real estate, we wante...
Wade Stahle
Best tax strategy for primary sold before two years
I just built a new construction duplex and have plans to sell it. I just closed on my conventional loan as it being my primary. Is there anyway to avid capital gains tax other than waiting two years? I have plans to b...
Porsha Fross
Experience working with an affordable contractor in Chicago that's licensed
We have an 11-unit apartment building (five 1br/1ba, six 2br/1ba) and want to do a cosmetic rehab (new kitchen, bathroom, paint, sanding, and staining hardwood floors, excluding repairs on MEPs). We've received a few ...
Rick Im
Discrepancies with public records
I recently submitted an offer on a house listed as having 5 bedrooms and 3 bathrooms. However, when I reviewed the property information on the PVA website, the records indicate it is a 3-bedroom, 2-bathroom property, ...
Isaiah J Aragon
How do YOU Screen for your Markets (specifically out of state)
Hello BP Community,
I wanted to ask everyone how they conduct market research, what you're processes are, and how you go about filtering all 50 states, to exclude states from your research and how you choose states(c...
Parker Robertson
Advice and Recommendations
Hello,
I am hoping to get some input from the BP community on my current situation.
I purchased my primary residence 04/2022 and have been house hacking it since. My plan was to live in this property and save up a d...
Yoshi Uem
Net worth as accredited investor whose primary residence is MFH
Hello!I am trying to calculate my net worth to see if I am qualified as accredited investor.Question is,I own a duplex and live in one side and rent the other side. When calculating net worth for accredited investor s...
Gordon Burwell
Family equity pitfalls and consequences?
Hello all, I have a family member that has a decent property 4bd 2b 2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+. Now the property is free and cle...
Jack B.
Will I owe capital gains tax if I move back and sell?
I don’t think I would, but for some reason the IRS’ web sites example claims that I would, despite it conflicting with several CPA articles that I've read that state otherwise. I thought that as long as I lived in the...
Clark Kahawaii
New Tax on capital gains
Hey guys so I was talking to a friend who is moving into a new house and he’s selling his previous one. He was telling me about one of the new laws that was enacted this year that in order to avoid capital gains tax w...