Stewart May
Questions on Occupancy for First time buyer
Hey everyone. I came across this site and need some help. I have a client looking for my advice but I haven’t come across this specific situation before.A newly married couple (both first-time buyers) went into contra...
Walter Correia
How to avoid paying real estate capital gains tax?
My wife and I are planning of selling our investment property to reinvest in other properties. After we sell the property how long can we defer taxes before getting hit? I know it may take time before we can reinvest ...
Jonathan Bonck
Keep Primary and use 1031 exchange to buy a new house
Hi Everyone,I have a strategy that I wanted to get your input on. I currently have a primary residence that is market valued at $360K. I owe about $260K. 6 years from now I believe it will grow really well in equity b...
Jamie Wooley
SFR Rental (College students, Families or Young Professionals)
Hey BP,I am looking at doing a few buy and holds for the first time. I have been looking at some really good deals in a college town. There are around $12,000 students, and only expected to increase significantly ov...
Daniel Miller
First time home buyer (sort of)
Good day fellow investors. I am new to this site, and real estate investing, so please forgive me upfront for any questions that may seem remedial. I recently moved from the state of NC to Ohio. My family and I are...
Alexander George
Setting Up Your House Hacking Situation to be Tax Efficient
What are some of the pointers from a tax and expenses perspective to consider for a married couple that is going to buy a 2 family, with the intention to owner occupy one unit, and build a portfolio over time?
Stephen Sloane
Do Landlords get Any Stimulus Money?
Hey folks, like many out here, I've relied for a few years now on "passive" income (as the government would call it) from my rentals here in Southern California. It's quite common knowledge that if you make under 75K ...
Rachel Stump
Changing Lease with only one of two tenants signatures
We have tenants who are a married couple. They have been late paying rent a few times, got a big dog when no pets allowed is stated in lease. We offered to change the date rent is due from the first of the month to t...
Jessica Seppo
Schedule E: Married file jointly
Hi All!Question about LLC’s taxes. My husband and I have a Single member LLC in MI which is not a community property state. We file jointly and are both listed on the Schedule E for our properties. Is this the best wa...
TJ Scott
Selling my house do I have to pay taxes
I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?