How does the 2 out of 5 rule apply to situations over 5 years.  Would it be safe to say if I lived at my home for 10 years then rented it out for 3, I would need to sell it before that 3 year period ended to avoid pay...

Can a 1031 be utilized to pay off an investment property after the sale of another? So, instead of using those funds to buy another “like kind” property, but rather to pay off another one I already own. Thanks!

In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental pro...

Please bear with me as I am new to the investment and tax implications of flipping homes for profit in less than a years time. My father and I work together in a flooring contracting company. My father has the compa...

I will be purchasing 5 rental properties from my older parents. They are all currently occupied by tenants and the rent they are charging now is well below the market value. We are working with an attorney and CPA to ...

I cannot find the answer to my question. Hoping someone here will help me figure out tax consequences of this scenario: Purchase price 150KImprovements 118KDepreciation 77KSale Price 450K      So my gain is 450 - (268...

Investment Info:

Single-family residence note investment investment in Mesa.

Purchase price: $58,000

Cash invested: $58,000

$58,000 note for down payment on single family property.
1 point paid ($58...

I’m a first time home buyer and looking for some advice. I purchased a condo in December 2020 (in DC) and currently live in my unit. I’m moving to NYC in mid May and will be renting out my DC condo around June 1st. I...

Hello,I've got a question regarding a specific situation I'm in.  I've got a property I used to live in for +2 years and then I rented it out.  I rented it on 3.1.14 for a 1 year lease and I've resigned with him 3x ( ...

Hello Biggerpockets Community,I am Kevin Dees and I wish to learn more about real estate and network will fellow enthusiasts to find strategy and gain knowledge of tge many ways to gain wealth through real estate inve...