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Hi all,I am currently in the process of selling a vacant lot owned by my LLC in Washington state. I have owned the property for about 2 years and will only make about $8k, but I was wondering if there is a way to avoi...
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I don't know if this is the right forum category, but here goes:My brother and I have an inherited piece of property. My father sold the Note and became the "bank" back in 2012 to generate income to pay for medical ex...
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I have a rental that has passive losses.It just keeps going up every year. I do not ever intend to sell the rental and just pass it onto my kids so I'd rather not have this carry over.I could buy into a good real esta...
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Does anyone know how depreceation recapture works?
I am selling a home for the first time and have no idea how this works. I purchased this property in 2008 as a primary residence and turned it into a rental a year l...
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I'm looking for a a calculator, app, or spreadsheet that can be used to compare whether or not it's worth holding a property for a year to reduced Cap. gains tax or to sell. In brainstorming, I thought it would need...
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I currently have a home that I am selling under land contract which has about a year and a half left on the contract. Once the home is purchased I will have about $40k profit.
I know that I could use the 1031 exchang...
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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...
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Scenario: Parent and child co-own a non-rental property. Parent lives in property, child is silent investor living elsewhere. At sale of property, a $300K profit is realized.
Question: Is full $250K cap gains exempt...
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Hello everybody. I'm on the hunt for an exciting internship opportunity in the real estate sector! I'm currently pursuing my sales license in Boston and am eager to gain valuable experience in the field. Real estate i...
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In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual...