John R.
I'm moving cross-country, should I rent or sell my current residence?
I own an older SFR in Kenova, WV and am moving to the SF area where I am currently planning to go to school on the GI bill while establishing a rent and hold business. My research so far suggests it would be more pro...
Lane Kawaoka
Capitol gains on sale
1) I bought a home in 9/2009 and lived in it for one year. Then I rented it out until current. If I sold it today and made a 100k profit/gain do I pay 80k of the taxes on the gain? If I move back in for 1 more ye...
Michael Koncaba
All things to consider before I buy 1st property
Hey all. I'm currently in the process of analyzing my first rental property, and the numbers all look great so far. Only thing is, I'm a newbie and havent even purchased a home so I'm looking to fill in all the gaps a...
Will Dee
Reporting sale of Duplex
I purchased a duplex Jan 2015 to live in and update. In October 2017 I sold the duplex. I ended up putting close to 40,000 in updates and repairs. I did not report the sale of the duplex on my taxes because I didn’t r...
Veronica Haniger
Does my CPA need to be local?
Hello BP! I recently bought a fixer duplex in the Dallas area (Arlington, to be exact) and I live in CA. I’m looking to connect with a CPA and would like to know if there’s a benefit to working with someone in Dallas ...
James Peters
Plenty of equity in Long Beach...Now how can I get it?
Hi all,I have been dealing with a family property that I am now managing on behalf of my father, that was my grandmother's before she passed away. We are only paying 1k a year for property tax due to prop 13, so I wa...
Lynne Smith
1099 Reporting from Property Mgmt Company
If there are any BP Tax Professionals that can help I would really appreciate it - my accountant isn't sure on this one. I've made a blunder in not comparing the 1099 from my Property Management (PM) company to the ...
Alex Todd
1031 Scenario - clarification
Hi Folks - wanted to play out a scenario and see if how Im interpreting this is accurate...- 1031 a rental property and follow rules for new investment (like kind, equal/greater value, price point, etc) - Rent for X t...
Bernie Huckestein
IRA Non-recourse calculator
I am looking for (or looking to create) a spreadsheet to make financial projections on use of SDIRA funds -- does anyone know where I might start...here is my general thoughts / situation but I'd like to find/create a...
Evan Stalcup
To LLC or Not as a RE Agent
Hello BP community,I am curious to know how many real estate agents form an LLC to receive their commission check from their broker when closing deals? What are the benefits/disadvantages of owning an LLC compared to...