Kendra Ellis
2018 Capital Gains Rule Change
My CPA is telling me that I can no longer sell my primary residence after 2 years to avoid capital gains tax. Is this true? Our 2 year anniversary in our current home in next month, we are ready to pull the trigger an...
Robert G.
1031 exchange ?? Selling primary residence
Hi all,
I am currently listing my home for sale (lived in it for 18 months) with my realtor and plan to net approximately 61K after closing costs etc. I want to take a portion (or all of it), and put 20% down...
Richard S.
New Jersey Rent-to-Own / Lease Options
Hey everyone,I'm intrigued at the idea of offering prospective tenants/buyers my single-family homes with a lease-option or rent-to-own scenario. I don't know a lot about Dodd-Frank yet, except that it definitely appl...
Kat Hughes
Sell both properties in LA or not?Any Tax Strategies to offset capital gains?
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 behi...
David Robertson
How to avoid closing costs on foreclosure?
I am currently looking at buying a foreclosure from Wells Fargo as my first investment property with the prospect of flipping the house. Is there a way to avoid dealing with a Realtor and dealing directly with Well...
Jacob Fitzgerald
Taxes on selling a new build
I want to build a home and sell it.... My question is is there a way I can move the taxes into another loan or something so I don’t have to pay the Fed upfront? AND If I’m building one or two homes a year should I get...
Kadia Lawrence
Using IRA to fund deals and offset penalties with RE tax breaks(??)
Has anyone taken their IRA to fund deals and offset the early distribution penalties (10% and tax bracket) with RE tax breaks? What kind of tax breaks helped (e.g., depreciation, real estate professional status, etc)?
Michael White
Tax for foreign rentals
Hi
As a recently moved Englishman to LA, I have more contacts at home than in the US. This also applied in terms of getting investment. I was wondering how foreign investors get taxed in the USA on their property and...
Yannes Chiang
Buying the LLC instead of the property?
Hi,We are investors from California and are looking an opportunity in Philly UPENN area and the seller offers to sell the LLC which was established to hold the title of the property or the property only. It is a newly...
Tanya Hurst
Bought My First Property - When to Bring in CPA?
Bought my first investment property in August 2023. We've been working hard to get it ready to be listed as STR. I've been reading and listening to as much information as I can find. I feel confident, but nervous a...