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 ...
Here’s how in 6 easy steps:
1. Check local regulations.
First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.
2. Update your insurance.
If they do, inform your insur...
Hello my name is Richard, I live in the Long Beach area (Los Angeles County).
My question is:
I own a house that is zoned "Heavy Manufacturing" but also its my primary resident. Would I be allowed to do a 1031 exch...
Hello guys,
I’m looking for some advice on whether to sell my house or not.
So, I have a single family house where I’m currently living. I still owe 171k on my mortgage. The house value is estimated at 266k currently...
Hey all! I bought a primary residence about 10 months ago. After rehabbing the property, I've gained about $100k in value. Because I don't want to wait until the two year mark to sell (to avoid the capital gains tax),...
Hello,Say I bought a duplex witj a fha loan and I live in one for a year and then move out and rent that unit and after a year can I do 1031 exchange or I cant because I have fha loan and lived in it?
I am currently seeking information on tax consequences of selling m primary residence. I know the $250/$500k rule after two years but I am trying to find out if you reinvest the gain that exceeds that into your next p...
Hi Fellow Investors,
I have a friend here in the state of Washington interested in selling their 4plex that they’ve lived in for almost 3 years. What is the best way for them to go about selling this property and wi...
Hey All,I would love some thoughts on the following. I have a nice portfolio of properties that I have acquired over the years. Let me frame this by saying I don't have any heirs to whom I want to leave a large estate...
Our 401(k) solo holds a 50% 1st position note on an investors rental SFH.
We are taking it back DIL for mtg arrears. With a little rehab it will sell for a good $25-$30k above the balance owed.
My TAX i...