Question: We purchased and have lived in a home for the last 5 years as our primary residence. In that time it's value has gone up about 40%. We are about to move out and rent it. To fall under the 2 of the last 5 yea...

I have a rental property for which I have 8 years left on a 15 year mortgage. I'd like to refinance it to 30 years and pull cash out to where I only retain 20-25% equity, to gain maximum leverage. I would use the mone...

Hello, I had a question regarding my qualified opportunity fund. I sold a property back in July 2019 and created a QOF and transferred all the capital gains in that fund back in Dec 2019. I understand there is an exte...

I purchased a duplex apartment as place for me to live and to provide rental income, therefore reaping the benefits of having the tenant pay my mortgage.  I am having the tenant move out in February, (she is section 8...

I recently met with a financial advisor who wants to win my business.  The conversation was on the whole very good as there were some things that I hadn't considered that my wife and I need to tend to in order to shor...

Long story short:

- This guy, call him "Yao", bought a house for $400k a few years ago
- For whatever reason he wants to get out from under the mortgage but he's been making all his payments. His credit history is b...

I'm reading conflicting things regarding capital gains on rentals.  According to the IRS site, it looks like one can live in a rental property for 2 of the past 5 years, even if that property was acquired as a 1031 ex...

I plan to sell 2 rental properties in 2024.  I heard that I can avoid paying capital gains on them if my husband and I make less than $94,000 combined.  We are retiring in a few years and will likely make less than th...

I'm asking this question because I'm getting different answers from different CPAs as to how much I would save.  I'd like to sell one of my rentals and put the proceeds into stocks instead, but if the tax hit is too h...

There is a catch of course, but that is normal when dealing with the IRS.  However if you have a long time Sec 8 rental, and you wouldn't mind to sell at ZERO Cap Rate this is your lucky day!!Read the details on this ...