Hi All!Google Search came back with, "When does capital gains tax not apply? If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,...
Hello All,Background: Two rentals; a duplex and a sfh. No mortgage in neither, personal home also no mortgage. Own also investment accounts, zero debt. All my assets are in my name and have about $2,000,000 in insuran...
Hi BP Community,
I am a little hazy on tax code section 179.
I am a reasonably high income earner (W2) and gaining momentum in the RE investing world. I am looking into getting my RE license and opening up a manag...
Hello BP,This is only first BP post, excluding my intro post. My name is Joe and im a 23yr old accountant in the beginning my real estate investing adventure. I have been reading and learning so much in the past coupl...
I have been with my partner for 5.5 years, will be 6 in February. We have been been living together for the past 4 years and have not filed common-law. I had assumed we would file this year as common- law but he had r...
is it possible for a lender, in Texas, to get a mortgage using my wifes credit and income only? our current mortgages are only in my name, not hers. WE have Identified a property and need to get approved fast! is it p...
I need some advice on where to start. I feel like my wife and I are wasting our money and missing opportunities.Go easy on me. First time poster and really first time investor.I have a home in Detroit that I had bough...
Hello all. I am a 32 year old construction manager in North East Texas. My wife and I bought our first home 2 years ago and through modest remodel we have added $20k in equity. I have been interested in real estate in...
A man and woman (couple) unmarried signed lease. Two weeks later the woman called and wants the man off of the lease. No violence. She keeps calling and wants him off the lease, since they are not going to be togeth...
Hey everyone! For the last 2 plus years I have absorbed as much as I possibly could about real estate with podcasts,/books/etc. My girlfriend however, did not show any interest in it. It was all just numbers/loans/con...