Adam Widder
capital gains and partial exclusion
BP,We're looking at buying a SF for us to live in for the short term verse rent for the next year before we move approximately fall 2019. We'd like to make some money as the house we're looking at has good bones, but ...
Mike H.
Capital gains question on sale of condo
Hello BP !wife bought a condo in NYC 15 years ago. We lived there til we had a baby and moved out to rent a 2 bedroom. We wanted to list it sooner but life and covid got in the way and are going to list it in a few ...
Francisco Avellan
Capital Gains Tax Avoidance
Hi everyone,
I bought my primary residence 8 months ago. I intended to live here for 2 years and then keep it as a rental property. The issue is that a train track runs behind it and the vibration is horrible (litera...
Kyle Ratzlaff
Consecutive Late Rent and Unresponsive Tenant
I had a tenant move in a couple months back and seemed like a good tenant. Didn't have an issue supplying the deposit and 1st months rent of 1,700 each. However, for rent due on the 1st of May they were not only lat...
James Sul
Selling a house within 2yrs of purchasing
Hi everyone. I am selling my residential house in Maine with a expected profit of 30-75k range. The townhouse condo unit was purchased at 430k in sept 2019. I would like to know about type and amount taxes associated ...
Jim Burns
Curious about personal capital gain exclusion on 2 year sale.
I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...
Adam Matlock
Avoiding Capitol gains
Can you/I sell a house before two years and not pay any Capitol gains?I heard that if you re invest all the money's from a sell back into real estate, if you sell before two years that you are not subject to Capitol g...
Robert Bell
Reserve Funds Required For A Private/ Hard Money Loan
As a private lender, we use reserve funds as a way to gage whether or not someone is financially ready to take on a real estate investment. We use 10% of the loan as a rule of thumb.
Even though we can usually fund ...
Mark Martin
Searching for guidance.
I am new to investing and I'm looking to get someone to help guide me. I'm not afraid to fail but I am afraid that I'll fail because of a stupid mistake that I could have avoided. What pitfalls have you encountered t...
Andrew Clark
Primary Residence Capital Gains Tax
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...