Does the 2 Year Home Sales Exclusion apply to Apartments 5+ Units? (If you live in one of the units 2 out of 5 years, can you avoid paying capital gains?)

Hi all!I have listed a couple of small (ish) apartment buildings in St. Paul, MN. I've creeped on my realtor data to see where/who is looking at my listings and most folks are from out of the area. My Research contact...

I wanted to know that how can I avoid paying capital gains tax if I want to sell the property. I know we do a 1031 tax defer exchange but thats only for investment properties. But how can i avoid paying capital gains ...

We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...

Hello BP,I've never dealt with a situation like this before, so I could really use the expertise of the BP community.  This is a lot of information and questions for one thread, so I'll try to break it up using bullet...

Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit.  The unit has brand new...

Looking at a house that has been owned by very heavy smokers. Overall the house is in poor condition and is a short sale. Nothing that scares me, except the fact that the walls, ceilings, heating ducts, windows, EVE...

There was no reason, but the day I hit 30, I realized it was “ME”.
Everyone around my family was doing fine, work was great, it was a
nice day. Just for some reason, I realized I was the person in
charge of my li...

If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each?  This is assuming each partner lives in a house for 2 of the 5 yea...

Hey I had a few quick question about how you get taxed when flipping a house: At what point do you pay property tax and how does it get split between the buyer and seller? Do you have to have to pay capital gains tax ...