Account Closed
Possible to avoid Capital Gains Tax by moving into property?
In regards to the IRS rule(s) that allow single/married individuals to realize a tax free gain on real property sales up to $250k/$500k so long as they live in the property for 2 of the past 5 years, is it possible fo...
Diran Deukmajian
Evicted Tenant - owes me money
My rental property is in Los Angeles county. I hired a lawyer to get her evicted. She didn't pay rent the last 3 months, plus I paid all the lawyer fees. do I hire a debt collection service to follow them until I get...
Juan Alvarez
How much money did you start off with?
How much money did you have before financing your first property? My Goal for this year was to acquire a multi family home to start house hacking. One thing let to another so I’m having to postpone that goal for anoth...
Lynne Smith
Experience with renting to Foster homes?
Hi. My property manager received an inquiry from a prospective tenant who wants to rent our SFH for foster children (2 per room). I am compiling a list of questions and concerns, but wanted to see if anyone in the ...
Shawn Stiteler
Small birds (caged) and Fish... count as pets?
I recently just signed a lease on my first rental property. This property was listed as no pets. We did find a very good qualified individual to rent to. However at the date of the lease signing he asked if fish or ca...
Marc Lock
Claiming RE Professional Status as a W-2 Employee
I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...
Jason Lee
Create LLC before first rental?
Should I make an LLC before I purchase my first rental property? If so, which state is best to keep my name anonymous? I know some states are better than others for this. I am living in California and plan to invest o...
Armando Montrond
Frustration/venting post any ideas about my situation with DTI
Here is my current situation. I currently am house hacking a 3 unit home in Worcester MA. (FHA at 2.25%) I have lived here for 1 year and want to purchase another property with a low down payment. I have found credit ...
Chris Kendrick
Cash out refi seasonal period
Cash out question
My plan was to buy property using my heloc, whole lot cheaper than Hard money or private. Fix it and Then do cash out refi and pay my heloc back in 3-4 months.
I was about to get qualified with cr...
George Wolff
1031 exchange
In order to do a 1031 exchange do you have to reinvest the total amount that you sold your property for?