Blake Harper
Selling house-Capital Gains
Hello BP world! Its been awhile... Quick Question here..HistoryI bought my first house for $328k with VA home loan no money down with a 3.5 interest rate. It appraised for $340k with zero rehab done. I have sunk $50k ...
Joe Farrance
Looking for Capital Gains answer
Hello 4 years ago I got married and we now have 1 house we live in and rent the other one out to a family memberQuestion is:If we sell one or both houses would we have to report the capital gains?Thank you
Ryan Kirk
Facebook marketing vacant units??
Has anyone used Facebook ads to fill a vacancy? I'm not into student rentals, or high-end professionals...my homes are average 3-bed places that appeal to a very wide market. Targeting is pretty difficult...it seems...
Frank S.
LLC and Eviction in Chicago
Ignore the title of the post, please. I can't change it. Hi, As I research structuring, I have a few questions. Any help is greatly appreciated. Assume a sole prop Owner moving property management to member managed...
Michael Fenton
Questioning the viability of the Series 65 for accredited status
Background:
I am individual living in Florida who does not work in the financial
services industry, but has a background in finance.
There
are
lots
of articles out there that discuss utilizing the Series 65 as a...
Phil DeSimone
Tax question on capital gains tax exclusion on primary residence
I am in the middle of a tax dilemma on a recent house I sold in late September and would really appreciate any feedback or referrals to someone who would know the answer.so... I play pro hockey (forces me to leave my ...
Dan Costantino
Tax implications on owner financing
I have a seller that wants to sell me a house for $240k. He paid $90k. There is a $200k HELOC on it which they used to build their $600k house which is free and clear...technically. I am trying to convince them t...
Carlos Ptriawan
Sec 121b5 exclusion loophole
I'm surprised after reading this article:https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the non...
Evan Loader
Need a CPA for Foreign Earned Income and who deals with K-1
I have a somewhat unique situation where for all of 2019 I earned my W-2 income overseas(in Bahrain) is working as a civilian defense contractor supporting the US Navy. I will qualify for the Foreign Earned Income Exc...
Maurice George
Short sale seller concession question
Hello pros,
I know for reverse mortgage short sale, seller concession is not allowed. However, I met an experienced short sale who advise me this: You can buy seller's furniture and appliances in the property for a...