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 ...
Tara Yoder
Mortgage payoff or gift?
So my FIL (father in law) currently holds the mortgage to our home. We would like to do a cash-out refi and we have run into challenges because of the privately held mortgage. We need to know for tax purposes should h...
Paul Ohlson
RE Agent offering this for partnership
I'm new, so don't know if this is a good partnership deal to form or not. Can you help?
I have spoken with a RE agent about being my preferred agent. Here is what she's offering and she wants it under contract. . .
...
Naphat S.
Selling free/clear property to buy/finance multiple properties with better Return?
Hello allI am another newbie here. Thank you sooooo much for all the advice and education you all have provided to someone like me. Here is the situation.-I had one rental property (used to be my primary home) which I...
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Michael R.
Hello from Queens, NYC
Hello Bigger Pockets! Lifelong Queens resident here. I grew up in Richmond Hill, rented in Astoria for a few years and my wife and I bought our first house last year; a multifamily in Jamaica. We have been living in o...
Alex Sanfilippo
Exclusive Rental Agreements
I posted this under "innovative strategies" although it could be something that everyone is already doing; I'm just new to REI and I wanted to run this idea by some professionals so that I can continue to learn!Has an...
Dallas Smith
Selling 2 properties
In Louisiana, looking to sell 2 properties. 1 is my investment property that is a llc. The other is my primary residence. The goal is buy land to invest in a business. Is a 1031 exchange the only route to avoid capita...
Jack B.
If I move BACK INTO a rental, does the 2/5 year rule apply?
I bought the house in 2013 and lived in it for 1.5 years. I moved out and rented the house out for 3.5 years. I just moved back into the house. If I go to sell it in 2-4 years, will any portion of the property sale be...
Luke Hine
Vacation Rentals
After getting the hang of analyzing 2-4 family properties, I'm starting to look at some vacation properties as well. What are some of the added expenses you deal on a vacation rental? Off the top of my head I'm think...