Rachael Chen
Multifamily House Hack in Greater Boston Area
15 August 2024 | 5 replies
.- Watch out for residential tax exemptions, and be aware of which towns / cities have them.
Chris Miller
Cashout Refinance Subject TO
15 August 2024 | 23 replies
I'm thinking of calling again to speak to a different rep, but based on the rules and exceptions you've listed, would I qualify for an exemption to the 50% LTV although my personal name has never been on title?
Daniel Dietz
Self Directed IRA - doing work on property yourself?
15 August 2024 | 21 replies
None of this speaks well for owning property in an IRA.While trying to find related examples, I found another argument I would have certainly lost regarding accounting for a checkbook controlled IRA LLC: “Providing un-tracked accounting services for your own IRA LLC can result in a both an excess contribution and a prohibited transaction.”http://www.prweb.com/releases/2011/02/prweb4300264.htmAccording to the article, “Although there are some exemptions for services provided to a retirement investment plan, they do not extend to services provided to entities owned by the plan.”I guess you guys are right.
Homer Wanamaker
Lead-Based Paint Law in Rental Dwellings
13 August 2024 | 11 replies
Within 2 years of this or during a tenant turover, you have to pay to have your walls tested for LPB lead based paint, no exemption on property size (ex:sfr or 500 unit) Unless it was built after 1978, certified free of LBP, SFR or duplex and rented under 6 months, and some other wacky exemption.
Chuck Baldridge
Getting started plan
13 August 2024 | 2 replies
If you live in the property for at least two years before selling, you might qualify for the capital gains tax exemption under Section 121, allowing you to exclude up to $250,000 ($500,000 if married filing jointly) of the gain.
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies
Exempt Home, perhaps?
Alan Asriants
2025 Phila Tax Assessment - Large increases coming
10 August 2024 | 1 reply
https://www.phila.gov/services/property-lots-housing/property-taxes/get-real-estate-tax-relief/get-the-homestead-exemption/
Sylvia Castellanos
"Real" lot minimums for a lot to be buildable in Memphis?
9 August 2024 | 1 reply
I want to know what your experience has been as far as these smaller lots being exempted from current code minimums.
Shweta Sharma
1031 exchange complications
8 August 2024 | 4 replies
You can sell the coop and purchase any type of real estate you want.The rule for the primary residence exemption os that you have lived in it for 2 out of the 5 years prior to selling.
Jake Oakes
Escrow Shortage - Mortgage Increase of $600/mo. No longer cashflows !
10 August 2024 | 7 replies
I wonder if tax's shot up because you lost your owner occ exemptions some state non owner occ tax's are 2X 3X higher than if you live in the property.. its one of those gothcas that happens in those states.