George P.
Primary residence -> Rental -- capital gain issues?
Hi forum!!
Just to make sure I understand the process...
If the property has been a primary residence for 5 years (purchased for 100, now worth 210), and then becomes a rental FRBO for another 5 years with say no chan...
Jeff Wagner
Huntsville - Madison County - Property Tax - major increase
Hello all, I'm looking at multi-family in Huntsville and having a hard time underwriting the property taxes. The appraised values are much lower than our purchase price. If appraised value is adjusted to purchase p...
Jon Pinkerton
Transferring real estate from trust to child
My father recently passed away with all of his assets in trust to to be divided equally between his three children. I am the executor of the estate and I am buying my two siblings out of their interest in the home. ...
Missy Orr
Short-term rentals - seeking advice to get started
Hi BP community,
I just purchased a duplex in New Orleans and am considering short-term rentals for one of the units. I welcome any/all advice on this strategy.
Thank you -
Missy
David Smith
2-Out-Of-5-Year Rule -- tax
You must have lived in the home for a minimum of two out of the last five
years immediately preceding the date of the sale. The two years don't
have to be consecutive and you don't actually have to live there on t...
Shireen Y.
Taxes on a break even sale?
I sold my primary residence/investment triplex last August 2022 and purchased a property through a 1031 exchange. I used $250k (personal exemption for the primary residence portion of the sale) and then $250k (in the...
William Bannister
Estate taxes and gifits to Children
Has anyone taken the steps to give there child assets in the form of equity in property? Would it be in my best interest to do this as I get older to get rid of my property without my son getting taxed on it? I alread...
Jimmy H.
Asset Protection - Is "Equity Split" Best Rental Protection Strategy?
In my research of trying to discover the best asset protection strategies, I have come to a conclusion that an "equity split" (as I've heard it referred to) strategy is the best in terms of simplicity, cost and mainte...
Steve Dove
Purchase of rental property to be used as primary residence
I've got an interesting scenario here. A relative of mine is purchasing a primary residence through a short sale transaction. The property is owned by an investor who rented the home out for several years. The investo...
Joey Lambert
Jobs Act - Title Title III & Non-Accredited Investors
Since the Jobs Act was passed in 2012 there has been a lot of debate about Title III of the Jobs Act; which would allow non-accredited investors to invest smaller amount of money into private companies. My question co...