Jerry Ologh
Tax Implication of Selling Primary Residence/Rental Property
Hello Guys, I bought my first property in September of 2015 as a primary residence, and converted it to a rental property in September of 2017 (2 years later). I am planning to sell the property in April of 2020, b...
Olivia Pool
Gains exclusion on separately owned residence post-marriage
Hello all! I have read through the IRS documents in this subject and can’t come to a clear consensus. Here’s the situation: I and my spouse got married in our thirties and both owned a residence. We got married Decemb...
Kristie Buddenbaum
Capital gains exclusion for primary lost when transferring to LLC?
My husband and I own two SFH in western Kentucky; one is a rental that we’ve been working on, the other is our primary. We’re planning on moving out of state by the end of the year. We’re looking at setting up a KY ...
Bryan Tasumi
Can you buy a house in another state and stay in your old house?
Can you buy a house in another state and stay in your family's house for the time being (until after you qualify for a mortgage)? I am asking this because I do not have a job lined up in Texas (where I am planning to ...
Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Bryan Feik
Using 1031 Exchange funds to purchase primary residence
Im considering purchasing a new primary residence. To fund it, I would sell my current primary residence and potentially one rental property (havnt decided which one, unfortunately I do not have one I have lived in f...
Jenny Nguyen
Can PM company declines an application without any reason
Hi everyone, We accepted an application with higher security deposit because of their credit score. We sent out an approval email and we got the response with unpleasant attitude stating that we were trying to force t...
Derek Okahashi
Wife concerned rentals will prevent purchasing our home...
Can you guys please chime in? My wife is concerned that my goal of purchasing one home per year over the next few years will prevent us from buying our own home (currently renters) in a couple of years when we move ba...
Calvin Ly
Looking to buy 2 SF Homes using conventional loans. Have Questions
Hi Guys and Gals. Hoping you can point me in the right direction-many questions. I am wanting to buy 2 single family homes using a conventional loan or 2. The two homes will be in different states. My plan is to hold ...
Lisa Landivar
Selling Home - Do I get taxed? - Oak Harbor, WA - Military
Hello BP community!An offer has been accepted and my closing date is 3/16/17 on my home in Oak Harbor, WA. My husband and I are military and we both own the home. However, we have only owned it for about 3 years, we l...