Blake C.
Sell to LLC to avoid tax under 2/5 rule?
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...
Ryan Havens
just asking for some advice as a new investor
my first brrrr and it's past my 6 months to refinance. with these new interests rates if I was to refinance I would be braking even. so here is my predicament. I used a HELOC for the down and rehab and I have good re...
Quinton Washington
Tax lien home in a low value market
Hello My name is Quinton living in Indianapolis. I would like to invest in Toledo Ohio. A family member has a tax lien of $19K but the home is worth only $20k plus repairs. The home is abandon so we all know what ...
Gail W.
I want to sell my rental and buy a primary home-taxes?!
Good morning BP experts! I'm an Accidental Landlord. Bought our home in Laguna Hills for about $350k back in 2002. Kids grew up and split, and we couldn't afford it anymore. By then, it was refinanced a few times to a...
Nathan Frost
1031 Exchange / Advice Tips
Hi, I have two properties that I am looking to sell but once to use the profits wisely. My plan is to buy 1 STR and 1 LTR. How can I go about doing this either with a 1031 or what is the best method to attack this? ...
Nicole Parnell
Capital gain tax on selling real estate in 1 year
What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets for...
Jim Cran
Appliances - Capital or Expense
The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
Wilson Lee
A Car Drove in to my Rental House
I don't know how to start. hum, A drunk driver drove their SUV in to the living room/dinning room of my rental unit. The damage is about $45,000-60,000 I got the house for $20,200 and put $15,000 into the house....
Katelynn Quinn
So stuck on this one.... San Diego 2 Family worth it for under 1mil?
Hi All!I am really excited to begin my journey owning real-estate in San Diego and could use your help. There is a 2 level multifamily in National City (2x 2br and 2bath) that I am super interested in using my VA Loan...
John T.
Large House Fire, insurance / tenant questions
Two nights ago the only house I manage that I don't own (favor to my GF) had a large fire causing large amounts of damage. It was from old wiring in the house that caused it and I'm glad nobody got hurt. I have a lis...