I have a question regarding the IRS exclusion of taxes paid on the sale of a principle residence.Here is the scenario: Tenant has been renting a condo for 7 years and it has been their principle residence.The landlord...
Hi all,I'm looking to put in an offer on a multi-family property soon. When running numbers on properties which seem to meet the metrics I'm looking for, I usually try to refine the numbers by getting the actual prio...
Hi there, I have a question regarding taxes on rental income. I live in Colorado and I've put my property on Airbnb which generate $500-700 as cashflow per month. My question is: If I decide to put those gains back in...
Hi everyone, I have multiple investment properties in Phoenix but currently in Dallas for a few weeks and Im trying to get a feel and understanding on surrounding towns, suburbs/areas that may be at a good price point...
Hi everyone,My wife and I have shifted our business to acquiring short term rentals over the past few years. We have always used a traditional CPA but with 8 short term rentals and 3 long term traditional rentals we a...
My wife and I are starting to look into investing and purchasing our first rental. We were looking at single families for a while and kept our search close to home. The high taxes and little inventory meant there was ...
Hello, am looking at a property near mine that has been vacant for more than 5 years. The siding is blowing off and the house is losing value. After much research I have discovered that that property has a Zombie titl...
I'm asking this question on behalf of a client who is selling a property where the total capital gain looks like it will be less than the suspended losses they have accumulated on their tax return over the years of ow...
I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The ...
I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains