All Forum Posts by: Kate C.

Thank you! I appreciate your replys!

I'm considering selling a 4plex we've held for 6 years. I file jointly and we are able to put enough of our income into a retirement plan that we can be below 89,000 in income (including rental income). Does this enable us not to pay capital gains tax?

I want to close by the middle of March and thought that I read in the Protecting Tenants at Foreclosure Act that you can evict a tenant if the buyer wants to use the unit as their primary residence. I wondered if I read this right and could count on this rather than messing around with an estoppel-which I don't understand well and looks time consuming

Hi, I wanted your opinion about this deal. We are in the process of buying a Freddy Mac foreclosure. We will occupy one side and rent the other. One side is vacant, and we met the tenant in the other half. He allowed us a showing and said he was 3 years into a verbal month to month agreement following his 1 year lease.

We would like to retain him if possible, but he has not followed thru on providing a copy of the lease or responding to requests for inspections on his side.

The selling bank has not procured a lease agreement either and our lender is getting antsy.

I have read some posts cautioning investment buyers about not seeing a lease prior to purchase. However, I wonder if I can count on evicting him and occupying "his" side if we do not come to an amicable agreement with this tenant.