I have 2 questions that I would love if someone had insight into.  1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out.  We closed in May 2018 and th...

Hi!
My husband and I are potentially making some big changes in our living situation in the next 3 - 6 months.
We have a multi unit property in North Hollywood. A 3bed/2bath front home and a 2bed/1.5 bath duplex ...

Hey BP, I am stoked to announce that my offer on my first deal has been accepted. It will be a SFR, house hacking deal in San Diego. My plan is to live in it for about a year, rent the (2)  extra rooms out to help me ...

Hey All,
I've had different agents give me different answers. Some agents say that working with multiple agents is dishonest, and wastes time of the agents you don't work with. Other agents have said that investors w...

Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence? Like what is the specific criteria that this deal and property has to ...

Hey All - I currently live in Nebraska. I own a couple of properties in Arizona that were purchased using 1031 funds and are being used as rentals (one LTR, one STR). I have held both for a number of years. My wife an...

Hey All,
Has anyone had any success with having their capital gains tax excluded upon sale of your property after living there for only 1.5 out of the last 5 years?
In Garrett Sutton's book, "Loopholes of Real Estat...

So I had a local agent, a young one that has not seen a downturn in the market, reach out to me and ask me what I was looking for in a house. I have been approved by my mortgage person for up to a certain amount, and ...

Hi there, I'm fixing to sell my single family rental soon. I bought it with an FHA loan, lived in it one year and rented it there next year. I know if you own the house at least 2 years and sell it you don't have to p...

I'm selling my house and want to understand the tax implications on the sale, because I have lived in it as well as rented out a portion of it. I've been studying IRS publication 523 and I would like to get some input...