Dena Sommers
Partial Owner Financing Question
15 January 2025 | 2 replies
Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.
Kristin Mathern
Asking for advice on tenant locksmith situation
30 January 2025 | 13 replies
@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.
Joshua Tucker
Tax breaks on tribal land
27 January 2025 | 4 replies
The one time I tried buying an existing property on tribal land, the land didn't come with it.
Brad Kremer
How to access equity for HELOC on MFR duplex in TX?
27 January 2025 | 3 replies
Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.
Yaroslav Shtogun
Lot split with house on the line
20 January 2025 | 16 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
Ryan Poulter
Contractors needing a hand
18 January 2025 | 1 reply
My understanding is an E2 Visa is an investor Visa (ie. you need to buy a business) OR you can piggyback off an existing E2 holder.
Angelica Cristi
Hard money lender with Auction.com process?
31 January 2025 | 6 replies
However, it sounds like you are confused about the different types of auctions that exist on Auction.com.
Niklas Zhu
Cost segregation recapture on a teardown property
31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
Jason Lopez
Do I need an LLC for my rentals?
31 January 2025 | 9 replies
If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
They work, live legally, yes there existence is an illegal one but reality is deporting them, separating US born kids, it's a mess and for no real positive because they are decent legal acting people.