Hello BP world! Its been awhile... Quick Question here..HistoryI bought my first house for $328k with VA home loan no money down with a 3.5 interest rate. It appraised for $340k with zero rehab done. I have sunk $50k ...

Hi all,
Entered lease option on a distressed property. Rehabbed the property and exercised the option. Seller had gotten a tax lien in the timeframe which took many months for a release. I am now looking to sell the ...

I purchased my personal residence about 12.5 months ago with personal non-business funds.  I want to sell my house and use the proceeds to purchase a Duplex which I can use to House Hack.  Will I be subject to the lon...

Good Afternoon BP!I need some help. I am drawing a blank on the name/category of tax break individuals can receive after selling a home for a gain as long as it is their primary residence for 2 of the last 5 years at ...

I'm wondering about how to search for a house flipping/renting mentor offline, without the benefit of mutual acquaintances. I'm an introvert and I don't really know how to network very effectively yet. There are no...

I had a friend ask a question related to the capital gain exclusion on the sale of a primary residence. Currently you must live in the residence 2 out of 5 years for eligibility. As I understand it, this will change o...

Hello ,The company that I was working for was sold and some leadership positions were no longer needed including mine. I received a generous severance package and now have some time on my hands to pursue my interest i...

Do rental  properties qualify for long term capital gains taxes if bought during feb and march of last year? and Are still owned?

I'm a bit confused about how capital gains are taxed. I sold a parcel of vacant land in 2007 and I'm now calculating the gains, which are around $12,000.

I was under the impression the gains are taxed at a lower ...

I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set ...