Scenario: Parent and child co-own a non-rental property. Parent lives in property, child is silent investor living elsewhere. At sale of property, a $300K profit is realized. 
Question: Is full $250K cap gains exempt...

So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...

Investment Info:

Single-family residence fix & flip investment in Coplay.

Purchase price: $176,000

Cash invested: $38,000

Sale price: $250,000

Single Family purchased at the Sheriffs Sale for...

Hello all!I've got a 5-unit property in Detroit, MI that hasn't been performing as well as it could. The building isn't sub-metered so we are paying for water and electricity which is killing our profits monthly. The ...

“This level of year-over-year sales increases was last seen in 2017,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®.
“The rise in sales numbers demonstrates robust contract signings over the last ...

Does the owner of a property get the excess amount over the banks bid in a foreclosure auction?  When do they get it?  I'm helping someone who was foreclosed who cant afford to redeem but the winning bid was quite a b...

I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...

Hello,Many years ago, my family helped me purchase a house and gave me a portion of the downpayment. Fast forward to today and I've made a nice profit on the house.  I'm currently in the process of doing a 1031 exchan...

Curious as to whether anyone's ever signed an exclusive marketing contract with a potential buyer. Essentially, I'd like to pay the seller a fee for granting me the right to marketing his property. I'd pay him $500, m...

I'm looking to do my first 1031 exchange for my duplex in San Diego, CA and buying a property or properties in Panama City Beach, FL. Since my top unit in the duplex was rented the entire time I owned the duplex I wil...