Does anyone know how the Prop 19 parent-child exclusion applies to multi-unit properties. My parents and I occupy 2 units in a 4 unit property as our primary residence. If my parents transfer the property to me will t...
Aloha, I have a tiny vacant lot that I will build a home on during the next 2 years. Start December '14, finish December '16. My question; if I begin living on the property in a tent, as of next week, then in 2017,...
Hi
We are into the mortgage industry for almost two years, where we are providing our fresh and exclusive mortgage lead generation services nationwide. We generate realtime fresh and exclsusive mortgage leads, based...
I have lived in primary residence for just over 2 years and rented it for another 2 years. When I started to rent out, I moved my property to LLC using general warranty deed, and now I'm planning to sell my home a...
This is an old question and I think I've dug out the ugly answer, but let's see if anyone has more insight.I purchased and have lived in a duplex for over 2 years. The property has a single tax treatment and single t...
Hello all, I've spent time reading old posts on this issue but could use some clarifying.We are new to wholesaling and have been working with an agent to look at some properties. Now that we are in the make an offer s...
Is there ever a situation as a flipper or buy and holder that you would ever agree to sign an Exclusive Buyer Broker Agreement?I've been working with this agent for a couple of months now and he just brought up the Br...
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Have you signed up for a Pro exclusive virtual Bootcamp yet? Our Bootcamps are priced at discounted rates and are ONLY available to Pro annual members. As a Pro annual member, each 12 week onl...
CPAs and the BP community with input/knowledge/experience with large monetary gifts:New Estate and Gift Tax for 2016Sometime in 2016, my wife and I would like to give my parents a large sum of $40-60k as a gift. I und...
So for if i was doing a triplex living in 1 unit then another unit 2 years each could I take advantage of 4 yrs of 5 yrs moving from one unit to another with the sect 21 cap gains exemption? so 2/5 years in one unit a...