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...
Julia Amelyan
Asset Planning
What is a good way to protect your assets in case of a bankruptcy? I own several properties, some in my personal name and some in my LLC. Some of them are free and clear with no mortgage and several still have a mortg...
Kate Struzenberg
Primary Home 2 Year Tax Exemption Question
I have been living in my primary for over 20 years. I have a 500K paid for primary home. If I sell and buy a new home for around 500K again, live for 2 years and it goes up in value to 750K. I sell again, what is m...
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...
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?
Brandon Hicks
Limit to how much stepped up basis can you can claim?
I understand how passing property to heirs at stepped up basis works....My question is...is there a limit to how much property the heirs can receive at the stepped up basis? And we’re talking $20m+ in property for ref...
Account Closed
Quiet Title or Adverse Possession suggestions
Do you recommend filing a quiet title or an adverse possession when the owners have passed away including the only person listed on the deed or will of the abandoned home dated back in 1970. This is the only paperwor...
Nicholas LaGatta
Atlanta Exception to Contractor Licensing Requirements
Hi BP Team,I'm under contract on another property in a historic district in Atlanta on a busy road. This is a complete and major rehab, so I've got an architect that I know can get plans and a certificate of appropri...
John Harrell
Texas tax sale redemption and title insurance
I bought a tax sale property 8 months ago, non homestead. Title Co. will write policy but exclude redemption for 2 years. Here is the kicker. The homeowner whose name is on the deed died in 2010. There was no will and...
Adam Scheetz
What Questions Should I Ask the Self Directed IRA Provider??
I want to setup a Self-Directed IRA. I have a list of dozens of providers. Before I start reaching out, what questions should I consider asking to ensure they are the right fit? To provide context: I'm an Active-Duty ...