Justin Petrides
Capital gains and 1031 exchanges
I own my home outright. It was gifted to me over a year ago. I am planning on selling it within the next few months . I plan on using some the money from the sale as a down payment on a multi family that I will live i...
Monica Seth
Capital gains question (2-out-of-5-Year Rule)
Thank you in advance forum members. I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We
live in CA and had purchased a condo in Jan 2...
Daryl Demz
1031 Exchange - Capital Gains Question
Situation;I have a rental property bought in March of 2012 for the amount of $220K.(Initially used as Primary Residence until Oct of 2017)Before moving out, In January of 2017, I did a cash-out refinance, and the new ...
Alex Yakubovich
STR for SFH: Does it make sense?
Hello everyone,
I have some questions about STR (Short-Term Rentals) and would greatly appreciate your help. Let's consider the Seattle Metropolitan area; an SFH (Single Family Home) would cost around $1M, and the ta...
Joe Daurio
Cap Gains on primary residence changing... 2018 tax plan
When I typed in "2018 tax plan" into the BP forums, I was surprised that I couldn't find anyone talking about the Capital Gains rule to selling your primary residence. Currently you must live in your home 2 of the pas...
David Pascual
Mortgage help in partnership
When trying to qualify for a mortgage is it possible to join forces with another person (partner) in order to qualify for a larger loan? Let's say that partner 1 has strong income and good credit but has recently gott...
Sam Edgin
1031 exchange commercial property.
1031 exchange help needed.. So everything I read about 1031 exchange is the same general information. My question is in particular to multi family real estate. If i were to purchase a 50 unit trailer park, does the ru...
Wensheng Chen
Can this still be considered a primary residence property?
I purchased a primary residence property with another co-owner in NYC in 2016. The mortgage loan is 100% under my name. 2 years ago, I moved & converted the property to an investment property, and purchased anothe...
Devan Kaye
Should I invest in a rental property or buy my own home first?
Hi everyone! I am interested in acquiring my first rental property through Rent to Retirement turnkey company. I am still renting an apartment for myself. Would it be smarter to buy a house for myself to live in befor...
Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...