hello everyone I'm new to this site. And from Petersburg va I been learning wholesaling house's for 2 months. I'm really looking to make this my everyday business. I had my first seller. 2 months ago the seller never ...

My mom and uncle inherited family property when my grandmother died 10 years ago. My uncle has lived on the land his whole life including after inheriting--it's his primary residence. The land is comprised of a few ho...

Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the...

In 2020 my wife and I plan to test retirement by living off our rental properties. I'll be quitting my 20 hour/wk day job because I think we now have the cash flow to retire. Our income (including wife) will be droppi...

I am working on a property deal in which the owners seemingly converted from a C-corp in '03 to a S-corp, rolling the assets of the C-corp into the S-corp.

Since they did not pay taxes on the assets at the time of th...

I own a property I bought for $250K that's now worth $500K.  I have an offer for a combination of $200K cash and $300K in 1031 exchange property.  Question- How will this affect my capital gains? Since the $200K is no...

Hello,
We have bought a house as a primary resident and due to personal reasons Its seems like we are going to need to sell it about a year after the house was purchased. I'm trying to read to read on line but I don...

I'm looking to gain some hands on experience in the field of flipping homes. I'm looking to do this for free. I'm taking classes now to obtain my RE license. If I can do a ride along with a realtor come onto a propert...

Recently closed a sale on my fourplex and was surprised to see I still owed capital gains tax on the 3-units I didnt live in. I've always been told theres no capital gains tax on your primary residence after 2 years i...

I bought a place three years ago and I’m thinking about selling it for a capital gain around 20 K my gross annual income adjusted is $50-$60,000. I am trying to figure out capital gains tax and what I don’t know is if...