All Forum Posts by: Billy Morse

Thank you, Adam. The buyer is okay with inheriting the tenant. Unfortunately, we are not using the NC 2-t form. The buyer insisted on coming up with his own contract. Should I make an addendum to that contract?

Hello,

I am selling one of my investment properties, but it currently has a tenant in it. The tenant's lease is up 1/2020. The new buyer understands that there is a tenant occupying the property and is okay being the landlord until her lease is up. Once her lease is up, his Dad is planning on moving in.

My question is, is there any special document or anything I need to do from a legal standpoint for the tenant? How should I move forward?

Thanks in advance,

Billy Morse

My apologies I have owned since 10/15/15.  We were planning on staying longer, but we found another house we like. 15% is better than 20. I have read that it can possibly be pro-rated. Is that true?

I thinking about selling my house, We bought on Oct 15th for 324k and put 90k in it. We think we can sell for 500k. Is there a loophole for not paying capital gains tax. Does anybody have an idea what the tax would be?

Hello,

I have found a lot that I really like and would like to build on. Is there a way to look up the record of the person that owns this property, to make an offer? The Zip code 28012

For a first time real estate investor. What are the pros and cons of investing in an townhome versus a single family unit?