Luke Haverkamp
Is my property a TIC or Join Tenancy?
I'm sure this is an easy question for someone that knows their stuff, but how do I know if I property I bought recently with a business partner is held with joint tenancy or a TIC? I'm trying to figure out if that is ...
Alex Freelove
Section 121 Capital Gains Exclusion
Tax related question on the Capital Gains Exclusion.- I purchased my first primary home in Feb ‘17.- I lived in the house until July ‘19 (total 2yrs 5months)- It has been a Rental from July ‘19 to now. - Roughly $250k...
Robert Wong
Primary to Rental to Primary Tax Implications
Hi, I'm looking for clarification on the following scenario:I buy and live in a house as my primary residence for 2 years. Then, I convert it to a rental for the next 5 years. Finally, I decide to return and change th...
Mark Murray
House Hacking
Newbie to House Hacking here. Please shed some light into this scenario for me. I thought I had read as a married couple, only ONE person of the partnership has to actually "live" in one of the dwellings for a year. I...
Lori Martinez
Sellers of Commercial Property Want Me to Buy LLC. Need advice...
Hello,I am looking for some advice. I entered into a purchase agreement (with 3-4 extensions) to buy a commercial property from an LLC (a married couple and another individual as sellers). The current extension ends i...
Account Closed
Sole Prop LLC & Spouse
Hello BP, My wife and I currently own two rental properties in our own names. We are now in the process of purchasing our 3rd with the plans to BRRR it and refi into an LLC. We live in Pennsylvania.Well, I went to l...
Sameer D.
LLC Series Creation Advice
Hello All - I am relatively new investor and ended up with about 6-7 properties in Illinios and Indiana. I have been researching LLC creation and options and both states do support series LLC. Secondly, Illinois LLC ...
Julia Taylor
Rookie question on keeping proceeds from sale liquid
My husband and I sold our investment property and are about to close on selling our primary residence. We have not identified a new primary or investment property to purchase yet. We will have about $1.3M we want to k...
Claudia Martinez
1st ever home buyer in Miami - advice so appreciated!
Hello! Thank you first for reading this post! The facts are below - I was hoping to get some of this special community's advice. The intent of this home is to be our first home as a married couple & to have spaces...
Eric Nelson
REI deductions with fulltime job pay
I just bought a triplex in Bemidji MN. I work full time, my wife and I file jointly around $110k income.The house cost $168,500. If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...