All Forum Posts by: Rigo Medina

I listed the house about 12 days ago at retail price, plus more. Realtor suggested to list at what comps had sold for. We sold for 10k above comps. Other Realtors also suggested listing at retail. The home is 2005 year built 3db/2.5rr/2car, brick and stone exterior. For now it is just a wait and see game. Kind of like fishing. The notes do say it is tenant occupied. Tenant is an R.N. at a hospital.

Has anyone sold a rental while tenants are occupying the rental?

If you did, were you able to sell the home close to retail price or did you have to leave some meat on the bone to the investor.

I have a tenant that is 2 months into the Lease. I would like to sell the town home to someone who wants to be own it as a rental or later make it their own home. It is a 2005 home with 1436 sq ft in North Grand Prairie, Texas. Zillow says it is $160k. I would like to sell close to retail price. The only drawback is that in the Lease deal with the Property Manager, I agreed to use them to represent them to sell.

@Andrew Herrig

I'm a believe in that what goes around comes around.

@Lee Ann line

Thank you and I sent you a message. Thanks.

@Benjamin Fritz

Thanks Benjamin. Houston is too far.

Thanks everyone. I went to visit them and was honest. I will get tax bill in the mail.

@Greg H.

Thanks Greg. That is what I thought. I hope they will be easy on me.

I am looking for CPA in the Dallas, Fort Worth, Texas area.

Someone who understands claiming depreciation on rental homes and taxes.

@darryl me keel 

I bought my new primary residence in Dec 2013. I claimed tax exempt in a different county.

The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as a primary residence. I have to tell them, since I now changed my mailing address with the appraisal district folks. I will be telling them.

Does anyone have any suggestions on asking for forgiveness? I think they will want me to pay back the difference.

I am in the Dallas County District. (Dallas, Texas)