Tag Archives: Rental

What if you can not rent you rental property?

I co own a rental with SO, we are splitting, I need a place to live (rental not an option due to location) dont really want to pay cap gains on sale . was thinking of taking my proceeeds and buying another rental property that I would live in at some point. I know all the tax rules on living in it to convert to primary, are ther any rules that if you cant rent it you can live in it an not pay the cap gain?

How best can I replace the rental income I now receive once I sell the property?

I’m about to sell a rental property on which I collect $1,200 per month (minus upkeep) because I’m moving out of state. I don’t want to buy another rental property but have become dependent on that income. I should receive $185,000 for the property. What is the best income producing investment I can make?