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...
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.
Steve H.
Buyers agent contract requiring exclusivity - is this normal?
After silently watching the BP forums for about a year, I'm ready to find my first investment property. There are a couple of houses on MLS in the West Chester, PA and North Wilmington, DE areas that I am interested i...
Eric Thomson
Section 121 Capital Gains Exclusion When dividing Property
Hello all!I have a tax question regarding the Section 121 2 year capital gains exclusion for primary residence...The property in question is originally 3 subdivision lots. Wanting to re-divide the property and sell of...
Spencer Fuller
House Hacking, Section 121 Exclusion, & 1031 Exchange
Hello,I would like to understand how the section 121 exclusion and 1031 exchange could be applied to a 3 bedroom condo that I own. I lived in the condo as a primary residence for two and a half years, so therefore qua...
Dan Collier
New Investor in Maryland - Are Exclusive contracts good?
Hi everyone! This is my first post. I just finished reading the beginner Bigger Pockets book and I am excited to get started! I own my home free and clear and am now looking to upgrade to a bigger house, and turn my ...
Michael Plaks
1031 exchange now plus $500k tax exclusion later
@Julie Dib asked me on another thread:
"my father in law just sold a rental in Cali he’ll have about $300k in capital gains, if he were to 1031 exchange that money into a new rental property and plan to eventually li...