We formed an LLC to flip houses - Partnership is 50/50.  Partner #1 funds 100% guarantees loans and handles all the bookkeeping.   Partner #2 married couple:  W is the buying selling RE agent on every house in LLC and...

hey guys thanks for taking the time out of your day. so I have some options here I want your opinion about me and my sweetheart are saving bucket loads, she is living with family and I live in a bad area. now once we ...

We are considering converting our residence we have owned over 20 years to a rental. Would that forever eliminate the opportunity to take the capital gains exclusion if we sell in the future? Does the number of years ...

Location:  HoustonSituation:  Husband and wife were on property's deed as they were married and bought it together 15+ years ago.  However, she moved out over a decade ago.  They were always still legally married.  Th...

The parents of a young couple are purchasing a home for them. They applied for a loan and are approved however, because they already own a home and are not planning on selling it, it is considered an investment pro...

I'm returning to REI after about 25 years out of the game. Things have changed a lot and I'm trying to get up to speed on current business methods.

My question - Do I have any legal requirement to include my...

Let me preface this questions with this fact: I am in no way trying to do something illegal or scam anything, just trying to see if we are able to take advantage of the new 8000 credit.

Ok, so I purchased a home in J...

Hello,

My brother is selling a home that he's owned for several years. It has been rented part of the time. Aside from his personal residence this is the only property he owns.
Does ...

So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/

Says:
Additionally, the passed bill included an extension to keep tax-free the...

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,...