Ken Sanders
Primary Residence Exclusion - Claim Twice Within Two Years?
In the Summer of 2011 I sold my primary residence for a sizable gain. I had the house for over two years and am single, so I was entitled to the $250k exclusion.
I have owned my new primary residence since December 2...
Stephen Richey
Northwest indiana Realtor that exclusively works with investors
Here in Northwest Indiana, it is a great investor market. Whether it's buy and hold, flip, or something else; I can help you. I really enjoy working with investors, understanding their goals and helping them reach the...
Justin Summers
Interesting 1031 and $500k capital gains exclusion question
A good friend of mine just sold his rental and is in his 45 period and can't find much out there that is not over priced. He is worried that since he has to identify properties in the next 45 days and buy something i...
Eugene Cheng
Combine Home Sale Gain Exclusion with 1031 Exchange
Hello BPers,Question about combing a home sale gain with a 1031 exchange. My wife and I lived in our prior single family home for 9 years until 2017 then rented it out since (+2 years). The house has appreciated about...
Brad Rabinowitz
Sell Rental Now To Leverage Cap Gains Exclusion
Hi All. I'm a new member who has been battling the all to common question of hold vs sell. My situation is perhaps a little different, in that I'm in a position to sell my only rental property, which was my first home...
Matt E.
Is a 1031 Exchange AND 121 Exclusion Possible?
My wife and I bought a property 50/50 with my In-Laws. We bought it in September '13, knowing we would sell it to an interested home builder. The property sits on several acres.
I have read of scenarios where...
Gina Cresse
Franchise and Excise Tax Exemption form for Georgia?
Hello,I used my self-directed IRA to purchase a rental property in the state of Georgia in 2016. I have a California LLC that I registered in Georgia and I file an annual LLC report for it. I also have a rental proper...
Brit Foshee
Capital gains exclusion for two year homestead exceptions
I have thoroughly investigated the IRS website and still have a few questions I was wondering if someone could help me out with.
It appears that I qualify for some exceptions but after researching it's still unclea...
Benjamin Cowles
Non-exclusive option contract to gain equitable interest?
Would it be a good strategy to propose a non-exclusive option contract just to get equitable interest in order to legally attempt to sell a property while not tying up the seller? Its seems like a no-brainer to me but...
Account Closed
Do I need an "all exclusive promissory note"
When you pay someone's mortgage, do you use an"All promissory Note"? I read its a document that tells the seller that you agree to pay all of their liens. But, im not sure if a mortgage is considered a lien.