Does anyone have experience exchanging their small multi family property into a single family home, use it as an investment property then move into it as a primary residence after meeting the requirements? I'm looking...

Hi. I live in Ohio. We had bought this house in 2010 for 150K as a foreclosure. We lived in it till 2015, moved out and rented it until 2020 summer when my tenant moved out. I have been renovating the house for the pa...

Hi,I have a question regarding a seller who is currently in chapter 13 repayment plan. Their plan last payment is scheduled for Nov 2024. The question is, if they decide to sell, how will that work with their chapter ...

My husband and I are trying to accelerate our process in gaining multi-unit properties. We have two properties ( 1- 3 unit and 1-2 unit) in the Chicago area. Within the past year we gain another multi-unit property (2...

Situation - We own condo (we paid 50k cash 2 years ago and have rented)

MIL is moving into the condo.
Mother in Law has about 60k in cash from sale of her house and 30k 401k, and she gets 2k per month SS.
...

Recently I asked a question if there are ways to minimize my capital gains tax on my primary residence as I will only be there for a year before selling. I received a response that I wanted some additional feedback on...

Hello BP,Here's my current situation and I would like to hear your opinion on what would you do if you were me.  My question is should I sell my rental in Riverside County or continue to rent it out when the current l...

I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...

Forgive me if this has been asked before - Can a seller add his own money to the money made at sale of a property to pay off a mortgage balance? Say the balance is 43k and I buy the house for 38k - can't the seller ju...

Hi everyone,

I am trying to figure out my best option for a house that was gifted to me while my parent was still alive. It was mentioned to me in a previous thread that I could pay 0% capital gains if my i...