At what point does it make sense to flip a house since you pay a lot in capital gains? I’m still trying to understand the concept of flipping. Can someone please give me an example including capital gains in the numbe...

I am familiar with the rule around the capital gains exclusion for your main home, in that you must live in the home for 2 of the last 5 years, but those years don't have to be consecutive nor do you need to currently...

About to sell primary for another primary for no other reason than to move up. Bought 1/30/21 for $422k. Projected sale price of $600k. After $24k commission & $12k in improvement expenses, we're looking at $142k ...

Looking for information regarding Maine's capital gain tax. Can't seem to find anything definite about the actual percentage. Our accountant says one thing and I am finding something different. They are telling us tha...

This may be a dumb question, but here it goes...I purchased a duplex last August (2021) for 325K that I'm currently house hacking. With plans to eventually rent out both sides and hold the property. I used an FHA loan...

Hi BP,So I’ve widely heard around here that if you live in a house for 2 of the last 5 years that you don’t have to pay taxes on your gains if you’re single up to $250K. I’m contemplating selling a home that I lived i...

I own a property in a state with 5% cap gains tax, but the state I reside in has 7% cap gains tax. Do I have to pay the extra 2% to my home state or just to the state where the property is located?

Hello so i’m new to investing and real estate, I bought a primary resident that ive been living in for the past 19 months. I have been looking to sell in order to upgrade. My property has gained 100k in value since li...

can you avoid capital gains if you sell a house and put it in a sdira? Also, how are you able to pull money out to pay yourself and avoid the early penalty if possible?

Hello! So I have the potential of selling my property and gaining a profit on it. Does anyone know how long a person can hold the profits from the capital gains after the day of sale and what are the parameters for re...