Im active duty military, and am planning on selling one of my homes (Property #1) in the next several months, which meets the 2/5 capital gains tax exclusion criteria of having both owned and lived in it for 2 of the ...
All,It is my understanding that I can not use a 10% second home loan and put it in an LLC to reap the tax benefits if I STR the property most of the time. I am wondering if I create an LLC to use as a managment compan...
I would love to hear everyone lease options success’s stories and how they did it!
How many people believe staging plays an important role in marketing your properties? How many people think it's too costly? How many people believe potential buyers can see past an empty space and visualize the poten...
I've got a home with an ADR. My husband and I each have our own businesses and a shared home office space. We just opened an LLC for our real estate investment properties and I would like to know if I can lease the ...
Ok, so I've searched and come up dry on an answer. I am looking at assuming a VA loan from the seller and wondering if this means I still fall under the rule of having to live in it as my primary residence?
I am a veteran, and would like to save my "first time home buyer" benefits. If I purchase homes to flip through my LLC would I lose those benefits?
I moved out of my primary home back in mid July 2017. I had rented that house for the last 2.5 years and ready to sell it now to take benefit of the tax break. As per tax laws, I need to close the sale by mid July 202...
Hello, BP Posters! :)Does anyone install solar panels onto their rental properties? My tenants pay for their own utilities, and I own homes in Memphis, TN, but I was wondering if this was a solid strategy for tax bene...
Hi, I was wondering what happens after 1 year when you have a first home mortgage on your property and you want to convert to a rental property. Do you need to refinance the first home loan and take out a new loan for...