Ama Taylor
What will be my best move?
I pulled the equity out of my primary (70k) to use as down payment for my 2nd rental property, my finance guy wants me to get a HELOC to have available just in case, I have since had to change jobs so have to wait til...
Carolyn Lin
HELP! Am I qualify for partially tax exclusion?
I'm during the process of selling my current home to buy a bigger house, the seller of the new home already accepted my contingent offer, and I also accepted an offer from a buyer for my current home. However, if I su...
Jered Sturm
Tricky Tax question on sale of primary residence.
So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...
Jim Burns
Curious about personal capital gain exclusion on 2 year sale.
I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...
Jorge Reveron
$100k assignment fee
Hey guys, I am 19 years old and I currently have a property under contract for $820,000. The ARV is $1.3 million. My issue is, I want to make a $100,000 assignment fee. I already calculated that if the cash buyer buys...
Patricia Vildozo
Taxes for flipping schedule C vs investment
Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...
Christy Harlander
Private Investor for a purchase
This is my very first post to BP so thank you in advanced for any help. I just became a pro member after listening to Brandon's webinar on the 29th and I'm So excited to be a part of this community. So my husband an...
Andrew Clark
Primary Residence Capital Gains Tax
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...
James Phan
Business Partners forming LLC as a master lease (Sublease)
Hi There,
I’m hoping this is the right space to seek feedback on a business structure for sub-leasing commercial space. Myself, and 2 other partners have an interest in leasing warehouse space. At the moment we only ...
Account Closed
Buy and hold vs flipping vs wholesaling
So I've just read chapter three of the UGB. Looking at the three different strategies, buy and hold looks like the most feasible, but I have to say, flipping and wholesaling certainly look attractive. I just want to t...