Carson Smith
2 Year Homes Sales Exclusion - Apartments 5+ Units
Does the 2 Year Home Sales Exclusion apply to Apartments 5+ Units? (If you live in one of the units 2 out of 5 years, can you avoid paying capital gains?)
Jeff Brower
Passed my test! Some recommendations for studying.
Happy Monday all! Well I finally passed my state and national test on Saturday. Having finished the required courses 7 months ago, I am glad that I finally quite procrastinating and got the test done. I will be workin...
Wei-Der Huang
Use 1 or Multiple Agents?
I am looking in a few different areas in the Southern California area and was wondering if I I should work with 1 agent or multiple agents who specialize in their given area. What are the pros/cons of each? Thanks for...
Carole G.
Way to sell without incurring capital gains?
We would like to sell several properties, pay off a few others, without giving a huge chunk to the IRS. Is there a way to do this?
Kitty Jedra
Capital Gains Tax
Hello Everyone!I plan on selling my single family home and purchasing a two family home in order to help with expenses. I purchased my home for $340 and it is now worth about $400. Do I need to invest on a property th...
Eric Geyer
Wholesaler Not Communicating With Seller
Hi Bigger Pockets world!
A few months ago, my business partner and I entered into a contract with a wholesaler to sell our 10 unit multi family property. We agreed on a figure that we both felt was fair and signed th...
Mary Hanan
buyer/broker agreement...do you use one with your buyers?
In one week, I lost two buyers. :violin:
Both were preapproved, I was working with both, found homes they liked, and with one we put in an offer.
First client went to the house "next door" to the one she put an ...
Tara Baldauf
Taxes on profit from a live in flip
I bought a house to flip that I am using as my primary residence. I will have the renovations complete after 6 months of ownership and want to sell right away. This is my second flip (the first house I owned for 3 yea...
Kevin L.
Qualifications needed for doing 1031 + 121 exclusion?
If the house that I currently live in was never rented out before (for many years now), how long do I have to rent it out to someone else in order to qualify for a 1031 exchange and the 121 exclusion together when it’...
Joseph Bagley
Creative way buy take ownership of property?
BP,I thought I had this all thought out but I found out that I know nothing like John Snow :-D.Soooo... my Mom agreed to give me and my brothers her 1st home, which is paid off. Intent is to pay her $100k by using th...