Jared McCain
6 Unit Townhouse in Monticello, AR. Fix and flip
25 April 2024 | 0 replies
Completely remodeled it and held onto for around a year
Jade Smith
Unlicensed “property finder” charging tenants one month’s rent?
25 April 2024 | 11 replies
If you agreed to pay her one month's rent to find you a place and she did, then she held up her end of the contract.
Anthony J Ruma
Multiple state investment properties LLC
25 April 2024 | 2 replies
He carries a $2 million umbrella insurance policy, but the truth is that he has never been sued.My properties are in LLCs held under a trust.
Franklyn Douglas III
Tax Lien Information
25 April 2024 | 18 replies
(Our auctions will continue to be held online.)
Paul Baker
Contractor doing work without authorization or contract then wanting paid
24 April 2024 | 1 reply
Can I be held legally responsible for paying this guy?
Paula Hernandez
My first flip is not going so well. Problems with seller.
24 April 2024 | 36 replies
Also, you should have held back 10k, what to do, evict her!
John Archer
Pace Morby and his gator lending tribe
26 April 2024 | 47 replies
WRONG EMD need mutual cancellation agreements signed by the property seller / owner and the buyer before the money is released and I can tell you by years and years of experience EMD get held up all the time over squabbles seller gets pissed off because wholesaler said he / she was buying the property when they really were not..
John Smith
Capital Gains on Multiple interests inherited over a period
24 April 2024 | 2 replies
Here is the detailed information:A condominium was purchased by Person A on 11/01/1986 for $52,700.On 11/7/2015, a real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.On 11/17/2020 person A died.On 01/17/2023 person B died.Person C (myself) will be selling the real property.I need to determine what capital gains I owe on interests I held and then the additional stepped up interests I acquired through survivorship.My analysis is as follows:The timeline for ownership interests is:11/01/1986 Person A 100%11/7/2015 Person A 33.33%, Person B 33.33%, Person C 33.33%11/17/2020 Person B 50% & Person C 50%01/17/2023 Person C 100% The tax implications are:1.
Kaul Christian Kappenman
OOS Investments: Why Huntsville, Alabama??
25 April 2024 | 24 replies
Just requires a lot more cash up front and having it held up for a few years.
Sean Sheridan
Capital Gains Tax
23 April 2024 | 10 replies
Flips held longer than 12 months still can’t use a 1031. 1031’s are for investments, flips are not investments.