I live in Long Beach, California. I just purchased a single-family home that also has an accessory dwelling unit. I am living in the accessory dwelling unit  portion of the home and renting out the single family home...
HelloAny tax savvy people / cpas out there want to help me out. My moms selling her house in the Bay Area and will have a large amount of capital gains once it is sold, I have a few questions. 1. You pay capital gains...
Hi all,
Wondering if there is a way to get out of paying capital gains on selling a second home for personal use. This is for my mom, who has been a snow bird in Port Richy, FL at this property for a little over 6 mo...
My wife and I keep our financial accounts seperate, and simply share a mutual credit card that we equally contribute to for mutual expenses (mostly groceries). I purchased 2 houses with my own finances in 2017, which...
When joining a mentorship program, it's important to ensure that the program is a good fit for your goals, needs, and expectations. Here are key questions to ask before committing:
1. What is your mentorship experien...
Hi Folks, I have a question from a listener who emailed me and I was not able to answer the question, having not come across the situation myself. Here's the question: If I sell one of my rental properties- let’s say ...
I've had a number of enquiries via my site by people who'd like to invest in one of our syndication deals, but can't due to either not being accredited, or the majority of the deals being open to accredited, not sophi...
Sorry for the re-post, but I think this is a better forum in which to ask my questions.I am thinking of selling my former primary residence that I converted to a rental property when I moved. I have tried to figure o...
I have a meeting with my accountant later next week. However I would like to be able to speak intelligently with him, so I'm looking for some information.
I have a day job, my wife stays home...
In a perfect world I would be able to deduct my real estate losses against my very high W2 income. However, achieving "Real Estate Professional" status is not something I will be able to do in the near future.It has a...