My husband and I are selling our triplex here in Long Beach, CA. We purchased it in September 2016 and have a significant amount of equity that we will use to purchase properties with cash out of state. We lived in ...

I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...

Hello, If I have the opportunity to purchase the land next door to my house should I do it?
1.What are the steps to "combine" that piece of land and my property? How do you go about doing that?2.How much will a piece...

Hi All,I’m about to sell 2 properties in SoCal that have high appreciation and I am wavering between several 1031 options. I’m wavering between just purchasing more properties, a DST or a Opportunity Zone Fund.For tho...

I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

Hi everyone!
i've come across some vacant/boarded up properties that i've been attempting to flip. During my research some of them are defaulted taxes facing auction or haven't been paid yet. I'm assuming i could pa...

Just closed on buying my first short sale...a condo in Ontario, CA.  It came on the market at $99k...too high, was lowered to $89k where I first saw it.  I offered $76k and then for some reason the bank came back to m...

I have a potential opportunity to partner with a new development company that has equity backing, construction lender, GC and Asset Manager on board and are building their first projects in one city currently.  My rol...

Wondering if capital gains from a sale (and capital gains only) could be taken and rolled into a different property via 1031 exchange to avoid the tax hit.  Or does one have to take all the proceeds and roll them into...