Justin Chan
1031 exchange. Any exclusion if lived in the property 1 out the last 5 years?
In need of help from a CPA or accountant that is familiar with the state of RI. I am about to 1031 exchange an investment property for another but I did live in this property 1 out of the last 5 years. Was wondering i...
Jeromy Jordan
Insurance coverage-small commercial multifamily property
Hey BP Community,Question for the commercial multifamily investors out there. What type of insurance coverage are you using to protect your asset? What should I be looking for in a good insurance policy for a small co...
Jack B.
Will I owe capital gains tax if I move back and sell?
I don’t think I would, but for some reason the IRS’ web sites example claims that I would, despite it conflicting with several CPA articles that I've read that state otherwise. I thought that as long as I lived in the...
Vincent Herrera
Selling my rental. Have questions about the taxes!
Hi there, I'm fixing to sell my single family rental soon. I bought it with an FHA loan, lived in it one year and rented it there next year. I know if you own the house at least 2 years and sell it you don't have to p...
James Dean-Howell
What's the best way to choose a realtor and let the others down?
I attended my local real estate meeting for the first time and connected with a few realtors there. They were vying for my business and I got a few business cards. I've already met with two other realtors and haven't ...
Joshua Hardy
I own an exclusive easement to my property, can I stop the owner?
I own an exclusive easement to get to my property (which is an island, or an enclave since it's not surrounded by water) this easement is the driveway from the highway to my land. It goes through about 350 feet long,...
Mia Edgar
Tax on Capital Gains
I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...
Cris Mullen
tax question on selling my primary home
Selling my primary home after a year and a half of ownership. Bought for 300K, selling for 340K. Quick research tells me I'm going to be paying 20% on the 40K profit. Is there any way to avoid this? I am planning on b...
Kyle Gilbert
We hit "the jackpot" and don't want to pay for it!
First thing- my phone will not let me upload my personal info or add a picture but I will work on that.
Secondly- My wife and I have had the opportunity to sell our property to a developer. We have a signed purchase ...
Wendy Black
Capital Gains Questiion
Is it true that in California, you don't have a capital gains tax if you earn less than $500k on a sale of a property in an LLC? If not, what is the rate? Thank you.