Jeff S.
Moving into rental; tax question
Didn't locate anything written recently on this: Has there been a change to the tax treatment where an owner can move into a rental and convert it back to a residence then sell it w/o capital gain, within acceptable g...
Jered Sturm
Tricky Tax question on sale of primary residence.
So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...
Vincent Gonzalez
First Home Purchase_ Las Vegas_Trying to Maximize Assistance
Where do I begin?Im Active Duty Military, I have orders to Nellis AFB (Las Vegas,NV). I will be in Nevada sometime in March 2019.I intend on using my VA Home loan for the first time, also this will be my first time bu...
George P.
REI fudged the tax basis calculations
ran into a REI investor yesterday and we got to talking about his rental properties (that he apparently sold). he suggested that the last one he sold, was originally converted from a primary residence.his calculation ...
Kyle Wifler
LLC - Multiple Agents
Hello,
My friend and I are looking at purchasing a multi-unit property under an LLC. We both have real estate agents. Is it possible for both agents to represent us under the LLC? We've both signed Agent Excl...
Daniel A.
Transfer Rental Property from Parent to Child - CA Prop 58
Hello,I am looking for some help on the following...I own 48% of an apartment building (located in California) with my parents, who own the other 52%. They want to transfer another 35% of ownership to me. This 35% is ...
Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
Hi,
It seems this is hotly debated on the internet.
If I have a single family home and rent rooms out, are proportions of common areas allowable in calculation of depreciation and expenses?
For example,
Let's say ...
Jeremy Baxter
Wholesale a listed property?
So I got a call off a Craigslist "We buy houses in any condition" ad. The seller just listed on the MLS with an agent and I checked out the listing, house is clean and in pretty good condition. There doesn't seem to b...
Sim Xing
Section 121 with LLC
I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
Kyle Conrad
Getting end-buyer under contract before buying....
So as a cash investor of vacant land, I have ZERO experience wholesaling. Lately, however, I've come across quite a few pieces of property that don't have legal egress and are completely bordered by parcels owned by ...