Ying Lan
Taking over parent's house
Hello~ My parents are selling the house they've lived in for 20+ years. We're thinking of taking it over and renting it. Need advice on the best way to transfer the home from their name to our business/corporation n...
Bryan T.
Does Rent Hacking work better than House Hacking in most markets?
Does Rent Hacking work better than House Hacking in most markets? I am wondering whether it is better to rent hack than house hack in most markets.
Jake Lippert
Newbie Tax Flip question
Hey guys...long time listener first time poster. Here’s my problem. My wife and i bought a house in foreclosure at an auction with 100% intentions of moving in to it. We bought the house for $250k. The house needed s...
Karen Sferra
What taxes are to be paid when selling a rental property in Phila., Pa
Hi, I am new here and have a question about taxes when selling an investment property.My husband and I own a rental property in Phila, Pa but want to sell it. What taxes will we need to pay besides the capital gains t...
Jason Dumbaugh
Sell or Rent primary residence?
Hello all,Looking for some sell-or-rent advice. My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM. We're now 2y+ in, and set o...
Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...
Casey Schultz
Can I Exchange Two Rental Homes for One?
I'm wondering if anyone is an expert on or has experience with doing a 1031 exchange with two homes for sale at one time? I have a condo in St Petersburg, FL, and a home in Northern Colorado and I'm wondering if I ca...
George Crawford
What's the best way to reinvest my 300,000 profit from my flip?
I'm selling my flip in Quincy, Ma. I've rehabbed the entire property myself and im getting ready to put it on the market. What's the best strategy to reinvest? I've heard payoff your next house, buy more units, Roth...
Wade Fiegl
fire insurance claim and taxes
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
MJ Sauer
Sale of Land in an S Corp
I am selling a lot that I bought about $7,000 in 2013. The sales price is $110,000. The lot is owned within one of my businesses which is an LLC with an S-Corp tax election. I think this might have been a mistake t...