Bronson Bard
Brokering deals to REITS - Do REITS use buy side brokers?
I work at a brokerage and found an off market Multifamily deal $50M+ who is fielding offers. I found a buyer at an institution that has cash on hand ready to make an offer but is hesitant to sign an exclusivity agreem...
River Ayton
Capital Gains Tax
TAX QUESTION!I am partnering with an individual to do a live in flip. I would live in the house for at least 2 years (to avoid capital gains tax) before selling. My partner would not be living in the house. Will he al...
Tom Degroodt
Yet another Capital Gains - personal home turned investment home
I discovered a new phrase yesterday (tax years) and I am not sure if I am smarter or more confused. I know you don’t need to pay capital gains if an asset was your personal home 2 of the last 5 years. My question is ...
Mike Jones
Help me understand what this means?
So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/
Says:
Additionally, the passed bill included an extension to keep tax-free the...
Robert Wong
Primary to Rental to Primary Tax Implications
Hi, I'm looking for clarification on the following scenario:I buy and live in a house as my primary residence for 2 years. Then, I convert it to a rental for the next 5 years. Finally, I decide to return and change th...
Kevin Carrington
Personal Residence Taxes
Hey BP, I was wondering if you live in a property for over two years and then move and rent it out for some time, do you still get the personal residence tax benefit? Or, do you have to live in it two years prior to s...
Jason Pritchard
Question about a potential 1031 exchange
Hey Everyone,I'm looking for some advice on how to best defer capital gains taxes on my next fix and flip project. I'm partnering up with my brother in law to flip a house that he owns but has been renting for just u...
Zach Helms
Tax Advice: Building a home but need to sell due to job & health
Purchased a lot and have been building a home for my family for over a year. I relocated jobs to be closer to the new location (2.5hrs away from previous location; St. Louis to Camdenton, MO). Home is getting closer t...
William W.
Tax Implications of Sale of Primary Residence to LLC owned by me
Hello. I've seen this question asked before but I haven't seen an answer that address my specific concern. I think the question is best posed to this sub forum.I have a condo that I've owned as my primary residence....
L W
sub2 question
hello all:
I am trying to purchase a house sub 2 the existing mortgage and the seller has agreed to do so however the property is listed with a realtor. Any suggestions on how to get around the realtor listing? The h...