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24 January 2025 | 10 replies
As we all know, you are really paying for the commission in the purchase price.
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28 January 2025 | 11 replies
I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.
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20 January 2025 | 57 replies
In theory they've tried all they can and are stuck on stupid feeling there life is about to be burnt to the ground.
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16 January 2025 | 12 replies
It was like paying for multiple Master's degrees to get our "real world" experience.
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13 February 2025 | 22 replies
Second, if you want a nice house in a nice part of town, you will have to pay for it, so will likely need to raise your purchase price.Third, if you want to go off-market, just know you are trading a lot of time for the possibility of maybe finding a deal.
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30 January 2025 | 2 replies
This simple act of understanding can make or break the deal.Patience Pays: Results-driven but people-focused.
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26 January 2025 | 30 replies
Being out three months of rent plus $1,500, I'd be better off handing back their SD and forgiving the month of rent they couldn't pay.
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13 January 2025 | 6 replies
We've built, ground-up, several homes and my mortgage company finances tons of new construction projects.
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7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).
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11 February 2025 | 4 replies
, what legal documents should I pay attention to and why?