David Noble
Should I sell my house?
Background:Eleven years ago my wife and I bought a rough house in a desirable neighborhood for around $150. We lived in it and fixed it up for 10 years. I probably put about $30k in it and a LOT of my personal sweat e...
Travis Elliott
In need of some help buying on a contract
My neighbor own,s some houses and i am trying to make an offer to him. He is willing to sell but is worried about capitol gains. What is the best way to purchase a house from him while saving him from taxes?
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...
Amir Navabpour
Deeding property from your name into an LLC
I am in the process of trying to get my properties that are currently in my name into an LLC. The step I am stuck on now is actually deeding ownership from my name into the actual LLC. I found the apprpriate deed fo...
Mat O'Grady
Owner paid taxes to the state he lives not where rental is
Hey Everyone, I am talking to an owner of a building who is looking to sell. He disclosed to me that he has been reporting his income and paying taxes in the state he lives in, not the state that the rental property i...
Aaron Millis
Mortgage Question
Forgive this possibly dumb question - I'm still very new
I am having a realtor send me properties from the MLS so I can practice analyzing potential deals. I just read "the book on rental property investing" and plan...
Alan Brierley
Canadian starting an LLC for mortgage financing ??
Hello all,First post. I'm a Canadian buy and hold guy with a small portfolio (7 properties) but am interested in the US market since the cash flow opportunities seem better.It's been covered on this site before, but f...
Marissa Bialek
Vermont Capital Gains for Second Home Residents
Hey Guys,I had a question if anyone had any suggestions. We purchased a second home June 27, 2020 in Vermont. We had planned to use it for ourselves and airbnb, however, I just got a job offer in Washington state and ...
Raman Singh
RE: 1031 exchange question: Selling Property
Hello Folks, I own a property with a partner in LLC. We both are 50% partners in it. We are selling the property now and I want to know that the proceeds from the sale can be invested separately or we have to buy next...
Carole G.
When selling owner finance, do you use a pre-payment penalty?
We have buyers for a couple rental properties we have. They are each around $250k. We are wondering how to protect ourselves in the event one or even both decide to sell or refinance in the near future, or even in t...