Eric Stets
"Sale" of the property from personal to LLC
Hi AllHave a friend of a friend helping with taxes/accounting. We have a property in our personal names at closing, then afterwards we moved the deed to an LLC created some months later. However the accountant is s...
Brett Chaponot
Do I qualify for a 1031?
So I have a property in Denver, Colorado but I now live in Sacramento, California. I bought the property in 2014 as a primary residence but it has been a rental property since 2015. I lived in it for about 14 months b...
Ryan G.
HELOC and my First Deal
Howdy BP! My first real post involves, of course, a question. Thanks in advance for everyone’s input. I welcome it all, including angles I haven’t thought of or considered. This is my first deal(s) and my main concern...
Curtis H.
Capital Gains on Primary that turns into a rental?
Quick question, If I have a home that I lived in for two years and then moved to another home (while leaving the first as a rental), have I lost the chance to sell the first home without capital gains tax since it's n...
Mark Simpson
Section 121 - Partial exclusion of gain
I am trying to help a previous client avoid a healthy capital gains bill on the sale of their primary residence. Trying not to spell it out to them directly though out of concern of giving tax advice outside of my sc...
Casey Schultz
Can I Exchange Two Rental Homes for One?
I'm wondering if anyone is an expert on or has experience with doing a 1031 exchange with two homes for sale at one time? I have a condo in St Petersburg, FL, and a home in Northern Colorado and I'm wondering if I ca...
Paul Jump
Long game: buying all the shares in a coop over time
I have the opportunity to purchase 2 adjacent one-bedroom apartments in an iconic New York City building. The building is a 6-stories, consisting of 24-units one-bedroom units and is organized as a coop—so essentially...
James Woods
My house dilemma seeking guidance if possible
so I bought a house with fha about three years ago and lived in it for a year. I moved out of the property and rented it out and it is still rented out currently with positive cash flow( don’t want sell). The issue I ...
Account Closed
Strategy to raise capital through current assets?
Hi BP'ers,My parents and I are fairly new to the States, we own a couple of properties under my parents name and would love some feedback on ways of getting cash together for future investments as we are currently cas...
Joan Brazie
Can proceeds from 2 properties be combined to buy 1 property
My husband and I are moving to Colorado Springs. We are selling 2 rental properties in Texas. 1st question, can we use proceeds from the 2 investment sales to purchase 1 rental/investment property?2nd we are diy'ers ...