Edward Adekanbi
Is it a lead
I found a property that the owners have not paid taxes in two years 2013 and 2014... There's a lis pendens filed on property. Is this a lead and what should I do next?
Christopher Owen Cote
College Student With Four-Plex Oppurtunity
I am a college student at Misssissippi State University that has found a great four-plex deal. After running through some calculators, it cash flows around 1500 per month. I have more than enough for a down payment, a...
Isaac Buitrago
Need advice analyzing deals
As I am going into my first deal, I am debating between buying a single family in the Round Rock/Austin area or buying a duplex in the San Antonio area. The pros and cons of both options vary. The pros of buying a sin...
Dan N.
Capital Gains Tax Exclusion - parents and children?
We read that there is a capital gains tax exclusion of $250,000 per person. My wife and I bought a home 40 years ago for just a few thousand dollars and the home is now worth $4 million. My three children are on the d...
Efren Perez
I need help with a big decision.
We have been flipping, rehabbing, and selling our homes after two years of living in them for gain and tax purposes. We have done this for the past twelve years. I believe it is time to do the same for our current hom...
Ryan Thomson
How to Negotiate and Use Seller Concessions
Concessions are a great way to make buying a home less expensive. There are a couple of ways you can use concessions and a couple of ways to get the seller to offer them. Here is an overview of concessions.
If you ...
Clint Saenz
Buying Second Rental Property
Earlier this year in June I bought my first home with an fha loan. I'm renting the rooms out and living there. I am a waiter at a restaurant and when I applied for the loan I needed two years of taxes since I get paid...
Curtis Cox
New NY Investor looking for insight on Upstate, NY
My name is Curtis Cox and a new investor looking to get insight on Upstate, NY. Looking to wholesale up there and also flip houses.Any advice would help.
Edgar Perez
When to sell multiple Live n Flips within 2/5 year timeline for tax free gains
Is there a rule about how many live in flips you can sell and it’s correlation with tax years?I lived in a property from 2020-2022 and is now a rental if I sell in year 2024 or 2025 I will meet the lived in 2/5 years ...
Lynn Z
move into your rental before Jan. 09
If you plan to move into your rental property, live for two years and exclude capital gains tax under section 121 of the IRS code do so before Jan. 2009. Any rental or "unqualified use" after that time will be count...