Eric Lo
sec 102: tax exemption on sale of Primary residence
Hi BP community! There are a few questions I cannot figure out a practical answer regarding sec 121 and the rule of "2 of the last 5" regarding marriage (to achieve the full $500k exemption). IRS states you must and y...
Timothy W.
Investing while shacking up
No, this is a nonjudgmental thread (we'll save that for politics...lol). I've read a couple threads where folks have mentioned nonmarriage cohabitation situations. An attorney I know wrote some advice on legally set...
Felicia Walker
Private Rooms For Rent CoHabitation
Hi All. I’m still newly back in the game of being a landlord. After examining the rental market in Florida, North Carolina, New Jersey, and New York, I’ve seen, liked, and am trying to adopt the Private Rooms For Rent...
Val J.
Should newly added Tenants Pay additional Deposits?
Happy New Year! I need help with something I'm about to do present to my current tenant. I have done my research and have learned that the tenant has unauthorized people living in the property. I plan to meet with ...
Tatyana Shevnina
combining section 121 gain and 1031 exchange
When combining section 121 gain and 1031 exchange, can you take out the section 121 gain or does it have to be included in the cost of the replacement property?For example, relinquished property is sold for $800K with...
Emma Brooks
Cost of converting a den to a bedroom in a finished basement
Hi everybody! We recently purchased a duplex (we are house hacking, it's our first one) and one of the units has a finished basement that is currently being used as a den. A quick Google search didn't come up with any...
Joseph Gisler
Do short term renters count towards cohabiting limits?
In Raleigh, NC I believe there is a city ordinance that limits the amount of unrelated individuals living in a house to four people. My question though, does overnight lodging (eg. Airbnb) count towards unrelated indi...
Account Closed
Rent per room? Is it possible?
If i have a house with 6 rooms and 5 bathrooms ( its not a multifamily) can i rent every room like if it was a multifamily?(If not) why?
Jaryd Swegryd
What makes more sense to you?
Hello everyone,
I'm starting out in rental property investement. There are 3 questions that popped into my mind and I'm sure some of you can help me to find an answer ! :-)
- When buying a property with the goal of ...
Matthew Nielson
unequal co ownership help please
Desperate need of help on understanding how to make a fair agreement for the both of us.
some details:
buying a fixer upper home with some immediate concerns.
I am putting $41,000 down payment on the home, coverin...