Ashley Guerra
interviewing buyers agents in nj market
hello everyone,just had a question on the home buying process. When is it that you get a buyers agents/ where do you find them near me? lets say ive saved up, got preapproved, do i then get buyers agents to look for h...
Account Closed
Is it common for property managers to ask for rights in a sale?
I'm a new investor vetting PMs. One sent a proposed contract that grants exclusive right to sell to the PM if the property is listed during the contract duration. Is that common? Similarly, if I sell the property to a...
Melina Victoria W.
1031 on a primary residence
How long do I need to rent out my townhouse in California before I can use it in a 1031 exchange?
Ian Russell
Selling my rental house have a tax question
I am selling my house awhich was my primary residence. I moved out last year and began renting it out. I understand that I can take up to 250,000 tax exemption if I am single or a 500,000 tax exemption if I am marr...
Sherilyn Spears
HELP!! REO Owner Occupant (or not?)
Hi all. I'm in a frustrating situation that I would love to get some opinions/insight on!I have recently submitted an offer on a foreclosed property that has been on the market forever. The MLS description even descri...
Tim Hem
Capital Gains and IRS Publication 523
Looking for some opinions on a recent home sale and possible capital gains exemptions.
In short, I purchased my primary residence in 2017. I resided in the home until summer 2020 (total 2 yrs 9 months) and then depl...
Mike Hanson
How long to wait to get another Capital Gains Tax Exclusion?
We bought our previous home in April 2013, lived in it until April 2015, then sold it recently in May 2016, which qualified us for Capital Gains Tax Exclusion.We bought our current home in October 2014, lived in it si...
Greg Martin
Decpreciation Recapture question
Hey everyone,This is probably a basic question, but I couldn't find an answer on here. I came across a seller who wants to sell her property, but she thinks that she can't sell for some reason. She said that a CPA a...
N/A N/A
Possible Equity partnership / REO
On 11/29/05 I entered contract purchase/sale contract for 84 properties fairly close to my area (about 100 miles away) My finance people will have no problem paying for the properties and making them mine to have and...
Scott Kelley
Sold my house, need help with 1031 rules
Hi all, I have some questions about using the 1031 like kind exchange to avoid some of the taxes I could incur.I closed on my first home a week ago. I lived in that house as my primary residence for 15 years. I have...