Issac Kao
Adding owner to reduce Home Sale Tax on capital gain
I plan on selling my house to downsize and move out of state. If I sell the house now the capital gain would be around $700-800k. Being married, we would take $500k off that gain, with still a decent chunk left. I've ...
Austin Montgomery
Private Mortgage Note: Income or Capital Gains?
I am currently working on a commercial deal and will be purchasing the property with a private loan from some local investors. They will hold a mortgage on the property, which will be amortized over 20 years, with a 5...
Levi Chuculate
Opportunity Fund Withdrawals as Partner
I’ve recently entered into an opportunity fund partnership. To be clear, I did not passively invest in a fund. I started the fund. I’m a general partner of the fund. It seems all the rules regarding what to buy and ho...
Kin Lay
How to transfer my share of the house to my brother?
My mother purchased a property on 2011 for 480000 in California. The current price of the house is worth about $900000. The house is registered with my name and my younger brother’s name as joint tenant. If I want to ...
Nick Boring
Capital Gains Tax on a Secondary Home
Hello BP and thanks in advance for your help!
From my understanding, secondary homes are not exempt from the capital gains tax, and if you are not renting it out then you cannot do a 1031. However, this client has h...
Gabriel Peterson
Subject to vs. Traditional Mortgage
I have been looking into investing in properties for sometime now and have the cash reserves to make a down payment on an investment property. My original plan was to mortgage the property the traditional way. I am ho...
Brandon Sturgill
How do You Balance Controlling a Deal with Steering?
So, one of the areas I attempted to implement recently seems to not be an option. By this, I mean that I attempted to note in the A2A remarks that any FHA buyers were required to gain pre-approval through my lender to...
Susan O.
Buying property w family member to Qualify. Then Remove Title?
Could a father and daughter buy a property and qualify for loan together with shared title. Then later remove the Father from title a year later?As long as the Daughter is making all payments on the loan and paying b...
Kwesi S.
Bifurcation and 1031 Exchange
Can someone tell me how bifurcation and 1031 exchange works?
Asif Siddiqi
Buying primary residence with 1031
I have a rental property with sufficient property gain about 1M, my wife like a bigger house, and I like a paid off, currently our primary house is not big enough, can I buy a house with 1031 property gain, leave vaca...