Similar post from before...but would this legally work?I co own a property with my brother (75/25) on title. I've been living there for 2 years now. He lives in his own primary. We want to sell and hold the funds for ...

Purchase Price = $126,500
Sell Price = $185,000

Don't think it matters for this, but Debt currently on it = $126,700 (purchased with 103% loan).

Owned for 25 months
I was told an Excise tax in the area of $3500.

Ca...

I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...

I was just notified by my CPA that a 1031 exchange might not be the  best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...

Hello all,
Reading through the forums and am learning a lot.  Seeing if anybody has any out of the box advice
Bought my first house 12 years ago for $398k, fixed it up and sold it last year for 1.225 mil.  It was my...

So over two years ago me and my wife decided to buy a house in Idaho. Found a house, made an offer but my credit didn’t show up so wasn’t able to get the lone in time when we needed it. My Dad stepped in and bought th...

So I have two deals closing this year that are going to net me approximately $50k. I'm trying to figure out a way to avoid paying too much tax.The first property is an empty lot that I got for free when I purchased a ...

I am trying to buy a self-storage building. The asking price was $179,900, I worked it down to $163,500. The seller wants to set the contract sale price for $150,000 and wants $13,500 cash on the side. This will help ...

Does anyone have experience with the Monetized Installment Sale approach? and or TaxWealth.com?
Thanks

I used to work in Washington DC and it always amazed me the different issues that impacted different association, org, industry, ect. Issues that I would not have thought impacted a certain group.

So my question ...