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25 September 2024 | 14 replies
Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!
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28 September 2024 | 2 replies
My practice area ties heavily into the real estate industry and was wondering if anyone has any suggestions on ways to build my referral network both in law and real estate as I plan to do some heavy real estate investing in the near future.
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29 September 2024 | 21 replies
From a sales perspective, if you're married ($500k) or if single ($250k), you'd have a portion of the exclusion (%50) assuming the square footage is the same for each unit (assuming a duplex)The remainder (%50) could be 1031 exchanged into another property tax deferred.
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26 September 2024 | 2 replies
For example we write exclusive use of the rental property includes use on two sides to the tree line, on one side to the rock wall and to the front curb.
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25 September 2024 | 10 replies
Capital gain can be avoided by using sec 121 home exclusion (upto certain limit).
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2 October 2024 | 24 replies
Real estate agents and loan officers can be highly compensated just the same (they have strong lobbies) and their industries set it up so they are paid commissions (which I don’t think is a dirty word), but the difference is that the public just views those products or services more as an inevitable necessity compared to insurance.
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27 September 2024 | 6 replies
.- The Mobile Aeroplex brings in another big economic industry which is Aviation.
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30 September 2024 | 46 replies
Think about partnering with local event organizers and advertising your place as a perfect accommodation for visitors.Seasonal decor: Make your property feel cozy and festive during the holidays, or provide season-specific gear like beach chairs in summer or sleds in winter.Local Partnerships:Experiences and services: Partner with local tour guides, restaurants, or even spas to offer exclusive deals or curated experiences for your guests.
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26 September 2024 | 0 replies
The past five years here in Oregon I've focused almost exclusively on investor related acquisitions and sales of vacation rentals, multi family complexes and commercial real estate.
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7 October 2024 | 190 replies
When I left the payments industry back in 2000, I kept watching the market for a method of performing a micro transaction.