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Flipping Rezoned Land
25 July 2024 | 5 replies
I have designed, built, and own (very) small scale (500kW) solar farms and in my world, I learned to always look for the word 'exemption' to make sure I'm not wandering in territory that will cripple me financially.
Mitch Conrad
Syndication vs Private Fund LLC
22 July 2024 | 22 replies
The most common exemption is the exemption for private offerings.
David Charles Edwards
Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
The other option would be if there is a possibility for you to sell your primary residence and every two years move to one of the property and gradually sell each property once you get that tax exempt which is $250 thousand if single or $500 thousand is married.
Caleb Webb
Capital gains question
23 July 2024 | 5 replies
You've lost your primary exemption, it's been too long since you've lived there.
James Lee
Add Unit or 1031 Exchange?!
22 July 2024 | 9 replies
(To qualify for section 121 tax exempt on portion of sale.). 2) what do you think your net profit would be after selling costs?
Dani Sounthone
VA LOAN to LLC or not?
20 July 2024 | 4 replies
The primary purpose is to assist eligible veterans in purchasing, building, repairing, retaining, or adapting a home for personal occupancy.Asset Protection Strategies: If your goal is to protect your assets, there are other strategies you might consider:Insurance: Obtaining adequate insurance coverage, like homeowner's insurance and umbrella policies (as @Greg Scott mentioned), can provide a layer of protection against liabilities.Homestead Exemption: Some states offer a homestead exemption that can protect a portion of your home's value from creditors.Trusts: In some cases, placing the property in a trust can provide asset protection, although this can be complex and requires legal expertise.Legal and Financial Advice: It's crucial to seek advice from legal and financial experts.
Mak K.
Title company screwed up taxes and county back charging taxes for 4-5 years
19 July 2024 | 17 replies
Per them it is standard practice to be aware that exemptions would be removed at certain point and back taxes will be charged.
Carlos Lez
Applicant with ESA
19 July 2024 | 7 replies
I recommend you print, study, and highlight the HUD guide: https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...You should also check with a local HUD office to see if they have any additional guidance they can provide you.Keep in mind, not everyone is subject to Fair Housing requirements and you may be exempt from allowing the ESA!
Jordan Sims
Newbie with HELOC trying to rinse and repeat without waiting 6 months.
19 July 2024 | 1 reply
This would fall under the delayed finance exemption.
Martin Nesta
Property taxes appeals
19 July 2024 | 5 replies
Then there is also a homestead exemption as well.