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Archive for August, 2013

How do most people buy & sell houses in california? I don’t understand?

Question by expree: How do most people buy & sell houses in california? I don’t understand?
once u sell, u need to vacate the house but u have to buy another house to move to. So how do most people buy / sell houses? After they sell, do they rent an apartment until they find a house to buy? Is that all they do? That’s the only thing I can think of.
any other way to buy and sell?
how about bankowned properties?

Best answer:

Answer by saYes,it might be the case !

Add your own answer in the comments!

Tax question: Can I deduct home office business expenses and also not pay taxes on profits from selling house?

Question by Jordan: Tax question: Can I deduct home office business expenses and also not pay taxes on profits from selling house?
I sold my house this year and profited around $ 20,000 from the sale of the house. I also since 2009 have claimed part of my old house (the one I sold), and now my new house I bought for business expenses because I have a home office I use for strictly work. Can I still claim my business expenses for home office and also not pay taxes on the capital gains from the sale of my house?

Best answer:

Answer by Ryan MSince you made a peanut profit on your house it no big deal. You only claim a profit when you make a $ 250k… Read More

Real Estate Empire

Real Estate Empire

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