Lacey A.
Tenant Screening -18 year old living with parent
We have bought a tenant occupied home and we are inclined to extend their lease by 2-3 months only. There is a single parent and two boys 19 years old and 17 years old. The application clearly states that all tenants ...
Christopher Johnson
Are Spouse And I Sole Proprietor or Partnership?
My wife and I are moving and getting ready to rent our townhouse to tenants. I am getting ready to open a business checking account and apply for a business credit card. One of the questions they ask is what type of b...
Steve Hungerford
Is the Section 121 Exclusion going up anytime soon ?
Hello,Is the Section 121 250K/500K Capital gains exclusion likely to possibly go up ?I was reading from the NAR website about a bill they are endorsing. Before the House of Representatives left Washington on October 1...
Jason Cunningham
Unencumbered properties held by investor(s) personally?
Hello Bigger Pockets Network,My name is Jason Cunningham, and I am a Realtor in Newport Beach, CA. I have a client who owns a handful of properties in the Orange County area. The married couple owns their properties...
Tishanna Traylor
How can Captial Gains affect the sell of a rental property?
There is a seller who wants to sell her house but is concerned about paying capital gains? Does anyone have any suggestions. Thank You
Samuel Peters
Question About 1031 Exchange
Hi, I have a question regarding the 1031 Tax Exchange and if my parents are able to use it or not. My parents own two houses in Washington State and are looking to get rid of one of the houses. It has about 10k left o...
Thomas Witchard
Capital gains on earnings from sell of an investment property
Hi, need some help. My wife and I just sold an investment property we owned. We were not aware that discussions for a 1031 exchange was supposed to happen prior to closing on the property. This said the earnings fr...
Loc R.
Rant: Morons everywhere
So I just paid a $10,000 tax bill. Here's the background.
In 2010 my wife & I bought a house. We qualified (or so we thought) for the $6500 tax credit.
I was a "long-time homeowner" and thus qualified for the ...
Mark Beekman
Can Gain from Jointly Owned Property Be Designated to One Owner?
My wife and I are looking to purchase a SFH to rehab and flip. We want the gains from the sale to go to me for tax purposes. We originally had the idea of me buying the property and having the deed solely in my name, ...
Frank Contreras
Feeling like taking the wrong action steps, what did you do?
Started taking action steps, in purchasing my first rental property. I have started off with; 1.Reached out to real estate agent and had him set me up with automated emails with properties with certain price and locat...