Gitit Hefetz
Capital gain tax calculation
Hello,
We have bought a house as a primary resident and due to personal reasons Its seems like we are going to need to sell it about a year after the house was purchased. I'm trying to read to read on line but I don...
Kevin Suzuki
House Hacking Discrimination?
Hi BP!Long-time lurker, first time poster. After listening to podcasts and viewing forums, I wanted to try to house-hack the home that I own and currently live in.My question is, am I allowed to choose a tenant who I ...
Shaheen Pirouz
House hack questions
I have a house hack that’s a main house with two guest houses. I’m living in one of the guest units and renting out the other two. My question is how do homestead exemptions, tax deductions for repairs, and depreciat...
Jonathan Pflueger
Down Payment as a Gift and Tax Consequences for California
BP, A family member of mine is willing to gift me $200,000 for the down payment on a owner occupied, conventional loan investment property that I will occupy. The property is located in California and the money is con...
Robert M.
Tenants want to buy my rental property in Philly - should I sell?
I own a one-bedroom condo in a desirable part of Philadelphia (Fairmount/Art Museum). I paid $265k for it in 2015 and am lucky enough to own it free and clear. I moved away from Philly last fall and listed it for $275...
Trevor J.
Selling home after 1.5yrs - Will Capital Gains Tax be Excluded?
Hey All,
Has anyone had any success with having their capital gains tax excluded upon sale of your property after living there for only 1.5 out of the last 5 years?
In Garrett Sutton's book, "Loopholes of Real Estat...
John Boby
Purchase my Personal Residence under LLC
Hello, I am married and planning to purchase my Personal Residence in California under single member LLC. What about the 121 exemption if I purchase it under single member LLC?
Sean Iannucci
Possible SAFE compliant "RTO" plan
The law allows us to do straight leases then give homes away to anyone who lasts more than X months. The problems with this method come from the fact that we want tenants to know upfront that they are working towar...
Al Turner
Dodd Frank Work Around..
The new Dodd Frank rules are presenting a bottleneck for me. The headaches of purchasing a property as an investor under the new Dodd Frank rules cost my a cash flowing property (800/mo). I would like to put as lit...
Chad Coleman
Tax consequences of transfer a house to LLC and rent it
I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be n...