I searched the site for some basic information on this, and didn't see much in the specific area of exemptions, and that might be because there really isn't any (sad face).I do know the lot of you are much more intell...

Hi BP community, My husband and I will be selling our California home early next year and are expecting to have capital gains above and beyond the 121 Exclusion of $500K.1. I have a home business and just opened a Sol...

While I know the 50% rule isn't always a direct measurement of things, for this purpose I am going to assume it is. So, being a newbie, it is my understanding that 50% rule simply states that 50% goes to costs of prop...

Hello, I am looking to buy my first property (most likely an investment fourplex), but just left my job to start a grad program. Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side bu...

Hey BP Fam,  Odd situation we are currently in, please advise. We have just finished our 3rd flip and the neighbor wants to buy the house with cash (he has provided proof of funds) he also came to us without and agent...

Hi All!!  Newbie here,I'm currently 1 of 2 tenants in the building I'm interested in purchasing.  The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and...

I am purchasing my first rental in Philly and need your opinion(s).

Here are the facts:
Location: ZIP- 19125 - Kensington / Fishtown
Single Family - 2 Bedroom / 1 Bath - 900 square feet.
Completely Rehabbed in 2007 (...

I was approached by my neighbor if I wanted to purchase their house since they plan to move in the next three months for new job opportunities. It will be an off market deal. To save on fees for both parties, we are p...

We bought a property in January with cash.  We were planning on renting it and had a couple tenants fall through.  Now spring has rolled around and we saw what local houses were selling for and decided since we didn't...

My husband and I found a waterfront auction property that we purchased for vacation home/ possible short term rental.  We purchased for 135,000.00 with a 10% buyers premium( SEV 79,900) We  need to pay for within 30 d...