I have been planning for sometime now on the best way to invest in real estate while getting the most return possible. I am in the construction industry and have my contractors license so would like to use my knowled...
So the situation is my wife and I both owned houses before we got married and I believe we both would meet for two out of the last five year resident test. Can we both use 250 K exemption on our individual properties ...
I own a property in the provo Ut area. Its appreciated quite a bit, and I am currently wondering if its a good time to sell. I have lived it in 2 of the past 5 years so I could avoid capital gains tax and probably w...
I have a three family house built in 1900 that needs updating. The inside of the house looks great and is good shape, but the wiring in the walls is knob and tube and will need replacement in the near future. The pane...
We have a 4-unit property in Pawtucket, RI that we purchased in October 2019 for $245,000. We put about $20k into completely renovating one unit and redoing the floors in another. We currently gross about $3385/month ...
My first post out here. Learnt a lot from just search and reading through. Great place to learn!. Thanks!Here is my story:Me : SDIRA(IraServices) --> My LLC(EIN 1)Wife: SDIRA(IraServices) -->Wife LLC(EIN 2)Bough...
In February of 2016 I inherited two properties one of which has 200 acres of farmland that I lease as well.
Although the land is worth a bit it doesn't make all that much from the crops.
I would like to keep them ...
I am going to start my first BRRRR. I already have a couple properties and am following the 50% and 2% rule. If I'm in a house for $120 (after rehab) and can cash out and refi at 220, I get about 70k back but my pay...
I'm doing my very first 1031 exchange. Selling a multi-family property in Oakland, CA that I've held for 14 months, earned 2x investment. Not seeing attractive CAP rates/cash flow in my area right now so am starting t...
In regards to the IRS rule(s) that allow single/married individuals to realize a tax free gain on real property sales up to $250k/$500k so long as they live in the property for 2 of the past 5 years, is it possible fo...