Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Jack B.
Can I rent my house out to my girlfriend then move in with her?
I'm hoping to capture some depreciation by doing so. Plus I look forward to 1031 exchanging it without having to wait to move out again and turning it back to a rental for a year before being able to do so. As it stan...
Mindy Jensen
Reducing Taxable Income - Shooting Myself in the Foot for a Loan?
I want to reduce my taxable income as much as possible. (Selling stocks and want to avoid long-term capital gains.)Maxing out the 401k is $18,500, standard deduction is $24,000. My question is, what does the bank look...
Robert Medina
Need some advice on buying another property
Hello so I am in a situation that I am trying to figure out with rentals and loans. Right now I have 2 properties. One being a rental and the other my primary residence. The rental is my first of hopefully many and th...
Tom Ayers
Rent Relief Program details
Just an FYI of what Forsyth County is sending out in relation to rent relief:Forsyth CountyNews UpdateRent & Utility Relief Program Available Beginning March 8 for Forsyth County Residents Impacted by COVID-19Rent...
Gary B.
Compensation Structure of Resident Manager in 27 unit apts
Hello Fellows,
I have a resident manager who is on Section 8 in my 27 unit apartments. My property management company says that they cannot a credit logging since she is on Housing. I end up paying her 40 hours p...
Oleg Malkin
Tax question: seller temporary leaseback a placement in service?
Let’s say I buy a property that requires some repairs. The seller wants a temporary leaseback option where they stay in the property for a few months and pay rent (with a rental agreement, deposit, etc.). I let them d...
Alex S.
Second home or an investment property?
I see a big difference in the mortgage rate in my state for Second home (3.25%) vs Investment property (4.25%) loan products. While I own a primary residence, I want to purchase another downtown condo (not that far fr...
Haiyang A.
Rejecting prospective tenant requesting for showing
I was wondering if anyone could give me some advice on tenant screening?According to phone screening, a couple is legally separated (although they say they are working on reconciliation). Wife and kids will be primary...
Nina Phillips
1031 exchange for one unit in a 2 family house.
Upon selling my valuable 2 family house in which I hold the deed , do I qualify for a 1031 exchange on my rental unit (which was originally occupied by us but has been rented out for the last 5 years) as well as qual...