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 ...

Hello. Just looking for a little advice. IVe got a SFH I bought in college about 8 years ago. I purchased for $70k. After moving away I continued to rent it out and still do to this day but have recently decided to se...

I run a small management company and we have just a few clients so far but there is one thing on the management agreement I haven't really gotten a grasp on and can't seem to be able to explain it to my client. On sta...

I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...

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...

Hi,For those who buy/sell commercial real estate, I had a quick question. How do you work on the terms with your preferred realtor? Assuming you have a one year contract with your realtor:Apart from the usual buyer re...

Purchased a lot and have been building a home for my family for over a year. I relocated jobs to be closer to the new location (2.5hrs away from previous location; St. Louis to Camdenton, MO). Home is getting closer t...

Hey, I just started working with a new buyer's agent who's asking me to sign an exclusivity agreement. I understand it from an agent's perspective - they don't want to waste time showing properties to a buyer, only to...

Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...

In need of help from a CPA or accountant that is familiar with the state of RI. I am about to 1031 exchange an investment property for another but I did live in this property 1 out of the last 5 years. Was wondering i...