I've lived in my present home for 3 years. I know that if I sell I don't pay capital gains at this point. However, if I rent it or lease option it for another year or two, am I then subject to capital gains taxes whe...
I was 19 when I joined bigger pockets and gained so much knowledge. To keep it short. I worked etc. (W2 job) eventually found a good deal. I bought it for 220k. It can sell now for about 400k. I lived in one the units...
Hey every one. My name is T Jay Maclaskey. My wife and I bought a 40 acre property we lived on and based an Ice Sculpting and wedding venue business from for 20+ years. The city has moved our way and we are selling...
Thank you in advance forum members. I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We
live in CA and had purchased a condo in Jan 2...
Not sure what fortum to post this is so just dropping it here....just had the wonderful (sarcasm) discussion of how my elderly mom can best pass her house to her children when she passes. :(so im looking for info to...
I'm a fairly new investor (fix and flip) working in my area (Maryland); at first I had a great relationship with my realtor. He was responsive, we were getting properties under contract, things were moving fast and w...
My husband and I own two SFH in western Kentucky; one is a rental that we’ve been working on, the other is our primary. We’re planning on moving out of state by the end of the year. We’re looking at setting up a KY ...
Hey BP! I'm looking at writing two offers for two adjacent multi-family properties, owned by one individual free and clear, listed with two separate agents from different firms. Should I proceed with purchasing them o...
I'm fairly new to RE investing. I've started looking around and talked to a few brokers about deals I found online. One of the brokers said he could send me dealflow but required that I sign a non exclusive representa...
SFR rental in Santa Rosa, CA is projected to be $916 monthly negative. Rental income is $2400/mo. Operating expenses $1571/mo. Current mortgage payment is $1745/mo. Expenses include $240/mo paid to one partner for PM...