I am doing some DD on possibly renting out my Houston property that I have been living in for 12 years. I am using the bigger pockets rental calculator, and I am having some difficulty on the loan portion. I owe appro...
My dad owns a vacant lot in Pennsylvania he doesn't want anymore and asked my brother and I if we wanted it. I'm posting here to find out the easiest way to transfer the property from my father to my brother and I. is...
I am a dev/builder. I have a commercial flex I just finished. It’s 100% leased up and my tenants move in in a few weeks after I can secure the U&O. It’s a nnn lease with 5 year terms. Currently will be bringing in...
I'm putting together my investment plan. I currently have a primary residence. (If I had known I was going to get involved in real estate investing I'd have done this completely different but it is what it is). If I u...
Hi Bigger Pockets family! Thank you all for any input in advance as I have been soaking up information these past few months. I have house hacked my primary home in Orange County, California for the last 5 years. I ...
Currently house-hacking a tri-plex in downtown Pensacola, FL. I love the place, and want to keep it as a rental when I move. My major concern with not selling is missing out on the Home Sale Tax Exclusion - which wou...
Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on th...
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Hello friends,
What are the rules to avoiding capital gains tax?
I believe it’s a minimum of living in a primary residence for two years. But what about turning it into a rental after the 2 years?
My first house I ...
Well the time has come to sell my flip/lease option(my strategy now would have me keeping it as a rental but its a been on a lease option so its not gonna happen). It qualifies for 1031. I found a great rentable hous...