Animesh Das
Documents needed for ”2 out of 5 years” home sales tax exclusion
Hello,
I sold my condo last week. I lived in that condo from 2012-2017. So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.
I was wondering what documents do ...
Jack Moran
Does an exclusive focus on cash flow lead to a bad place?
Based on advice provided here at Bigger Pockets and elsewhere I've been looking into multi-family with a concentration on cash flow. I found a 3FAM with 3brs each for $250,000 in Worcester, MA where there's zillions...
William Behm
Capital Gains Exclusion Home Sale will be 5 YEARS instead of 2!!!
No on seems to be talking about this. But as of January 1, 2018 the new Tax Overhaul Bill will substantially increase the requirement to live in a home from 2 years to 5 years in order to qualify for the capital gain...
Bob Fullwood
Section 121 Exclusion - Do I need to fill out or file paperwork?
This past June I completed a house hack fix and flip which was my first deal. I owned and lived in the property for 4 years - rehabbing along the way, and then sold for a gain less than $250,000. Not sure that this ...
Sherry W.
Can I avoid 1031 Exchange and take the $250K exclusion on rental?
I've Googled this extensively, and asked my accountant (who is not a real estate CPA)--Here are the basics:--We built the house in 2000--Divorced in 2009, house was quitclaimed to me--I lived in the house until mid-20...
Chris Collins
Should I sign an exclusive agreement with 1 realtor? Out of state
I'm looking out of state to purchase buy-and-hold small multi-family. Yesterday I had a call with a realtor in Austin, TX. She deals mainly with investors, and focuses on multi-family. So that's great, just what I nee...
Sarah Humbargar
1031 a rental house or move to qualify for 2-5 exclusion?
When my husband and I got married, I had my own house and we decided to rent it out and move into his place. It's been a great little income producer, but we are looking to get into commercial properties rather than s...
Anthony White
As an out of State Investor - Should I have an exclusive realtor?
Hello All! I am starting out and I have my first out of state deal under contract! I was wondering as an out of state investor, is it best to sign with 1 exclusive realtor? I feel like working with multiple realtors, ...
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
David Kim
What kinds of things to look out an exclusive sales listing agreement?
Hi folks,I'm looking to put my commercial property on the market. I've never worked on selling one before. I've been talking to a commercial real estate agent, and they sent me a sample of their contract.Is there any ...