I'm looking at renting out my primary residence as I move and get a new primary residence and for easy numbers I'll change them a little bit. If I rent my property out for $1500 and my costs on it are $1200 and I payi...
I have an ownership of land that was passed down in the family worth 136k according to zillow, trulia etc. I know I should get a professional to asset the land value. The land has water / electricity hook up but no st...
Looking for information on the 1031 exchange. Is there a limit for how long you can use it without paying taxes on your gains? Does it have to be for a primary residence? Thank you in advance.
If you had a deal that would basically give one small rental house free and selling second house by itself would do about 10 percent gain on initial investment plus repairs, would you pass or pursue? Basic story is t...
I just purchased a 2 family home which is being rented out. Are there any NEGATIVE things, tax wise, that come from purchasing a home? I know I can write off expenses, etc to help me out....but anything with a negativ...
Hey quick question. So we are house hacking a duplex currently and I had someone suggest paying rent to myself so that if we are to sell it in a few years we would have a good rent history. Is that something people do...
My wife and I are under contract on a duplex currently (purchase price 283). While I was telling a close friend of mine about the property he said to let him know when I’m purchasing my next property and that he has f...
I'm hoping to get some perspective from people here on an experience I'm having in current markets. I would like to put some money into a property that can bring in some cash flow, or at least break even, and I want t...
First, thank you for any advice or recommendations. We would like to buy a bigger house and move up.I am equity rich on my primary residence. Own free and clear with value estimate of 2.3 mil. My cost basis is 1.1 ...
Hello, I am a newbie when it comes to 1031 Exchanges, I have a couple of questions. I have always heard about them, but don’t really know anyone who has done it successfully. Here are my questions: 1) Can you have mor...