Greg Grisez
Tenant shot & in the hospital
11 January 2025 | 18 replies
Any legal issues I should be aware of in this situation?
Anil Shah
Using Agent Commission towards down payment for my own Investment Property
24 January 2025 | 10 replies
It might cause me financial harm as I have to sell more stocks and might pay short term capital gains vs long term capital gains.
Sarah Ali
Found potential first property - need help on how best to approach selelr
25 January 2025 | 6 replies
Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
With an SDIRA, you can use tax-advantaged funds to purchase property, and any income or gains from the investment grow tax-deferred (or tax-free with a Roth SDIRA).
John Gillick
1031 leverage question on partial sale
15 January 2025 | 11 replies
While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.
Tyler Sweet
Cryptocurrency and Real Estate
16 January 2025 | 6 replies
The buyer pays taxes on the crypto gain and the seller pays taxes on the property value gain.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
19 January 2025 | 119 replies
Because I'm not an accountant or versed in tax code and law wouldn't I want a CPA to ensure everything is legally tight and as advantageous as it can be?
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
Recently, our real estate agent did a market analysis and estimates we can sell for between $575K-$585K, resulting in a net gain after all of our fees of about $100K.
Jonathan Bombaci
Spent $209,000 on Attorney Fees in 2024 – Considering In-House Counsel in 2025
8 January 2025 | 11 replies
What happens during periods when the demand for legal work is lower?