Account Closed
HUD Homes
Has anyone purchased a HUD home? I've heard some great things about how you can get those homes significantly below market value. But I do have two questions:1. How do I find the agent that will help with the purchase...
Tyler Horton
Airbnb Insurance Question
So I've been told if I really want to be able to put my unit up on Airbnb there's a special type of insurance I'll need. Can someone confirm this? I've had a tough time going through their site on this.
Garrett Richardson
REI Tax Recommendations?
My mother in law is trying to decide if she should sell her condo in Santa Cruz, CA or keep it and rent it (and live with a friend). She needs help understanding if/how she can avoid/reduce capital gains and how renti...
John Oliver
LLC for business & interest deduction + residence?
I have some questions regarding the purchase of a personal residence, potentially via an LLC (state of CA). The following describes the scenario and goals (which are somewhat unique). The names and amounts are fiction...
David G West
Cap Gains on Re-entering ownership
Hi,We bought a property last year thru an LLC and the previous owner was there for 2 years so he sold it with no capital gains. For various reasons, we are partnering with the previous owner again and adding him as a ...
Adrienne Bryson
Buying first investment property
Hello BP! I'm hoping to pick you guys' brains. This would be my first real foray into both renting and flipping.Background: Husband and I currently have a home. I'm working with a seller right now that I originally pl...
Ben Booker
Exit Strategies - Capturing Appreciation on Primary Residence
Hi Everyone,Situation: Right now I am working in the San Fernando Valley (just north of Los Angeles) and living in Santa Clarita Valley (just north of San Fernando Valley). I own a 2b2b condo in Santa Clarita which I ...
Lauren Keen Aumond
Home Office Deduction??
I'm using a CPA for the first time since 2017 was my first year having a rental property. He's my parents' CPA and they have one rental. He told me I can't take any home office deduction (I'm interested in the "simpli...
Dan Delcorio
Capital Gains treatment on the sale of two properties sold.
I have a personal and secondary home (house hack with a partner)Personal home I’ve been in for 6 years, house hack home 2 years this December. I may end up selling both after the first of the year. What would the tax ...
Adrian M
Selling: 1031 vs. Personal Residence
Hello Fellow Investors!
I would really appreciate your advice on this matter.
Background Information
I own a condo in Santa Monica, CA that I am currently renting-out. I'd like to sell the condo in 2 or 3 years (af...