Matt Jamieson
Capital Gains Tax Exemption on 2 Homes?
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,...
Lettie T.
Property management tax reporting - foreign property owner
I just started managing a property owned jointly by a married couple. The husband is a U.S. citizen, the wife is not. They live in Australia full-time (not sure if that matters). How do I go about preparing tax forms?...
Leon G.
Considering Irrevocable trust or LLC
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...
Syman Scarpellino
Tax Code 179 help understanding
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...
Joseph Shevy
beginner rental property investor! my start and future advice.
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...
Michael H.
lenders, help! is it possible to get a mortege in my wifes name?
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...
Aaron K.
Should I house hack or go with my own investment property?
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...
Account Closed
a couple signed lease and one wants out
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...
Russell Butler
New investor from Texas
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...
Anne M.
My bf of 5 years wants to buy a house & wants me to sign a lease?
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...