Brett Stander
New distribution of living in Philly?
Hey BP Philly!Just wanted to throw this out there and see if it sticks. Let me first say that I personally believe that, despite COVID scares and new working from home guidelines, the city will still remain a popular ...
Ryan Haley
Purchase, Hold, and Sale of 4-Plex in Columbus, Ohio
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $125,000
Cash invested: $125,000
Sale price: $175,000
All-cash, out-of-state purchase of 4-u...
Eric Peterson
Capital gains for a property rented just over 3 years
Can anyone tell me what happens if a home has been renting out for just over 3 years in terms of the capital gains exclusion. Do you lose the entire benefit or is there a sliding scale. Let's say you're trying to deci...
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Michele Z.
Live in SFH House Hacking - Tax Implications
Hi all,Found a blog post addressing this from back in 2016, but not anything since the major tax code upheaval.In a situation where we'll (husband, toddler & dog - military family) be somewhere for just one year, ...
Karen W.
Indecision around how to proceed with a parcel of land we purchased
A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home. The property has a pretty low interest rate with a 15 ye...
Heidi Ann Faller
Negative AGI from rental properties - how to carryforward and use
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
Mitch Provost
Best use of cash/credit for buy and hold vs flipping
If you have discretionary cash, lines of credit and 401k borrowing for plenty of quick cash, what is the top strategy to put them all to work? Is there a better strategy for buy-and-hold vs. flipping?
Gustavus Adolphus
How to rent huge apartments
I bought a two-family house. Each unit has four large bedrooms, plus dining room, parlor room, etc., and is over 2000 square feet (per unit -- the house is 4000+ total). The units are well maintained and have lots of ...
Nick Gee
LLC questions , TAXES,ETC NEWBIE QUESTIONS
hello everyone I finally decided to create an llc for my properties.. I have two single family homes.
STARTED INVESTING ALMOST 2 years ago
ONE IS RENTED, ONE IS BEING RENOVATED (POSSIBLE RENTAL)
I'm holding both in...