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7 August 2024 | 8 replies
The gain from the sale of a primary residence up to $250,000 (or $500,000 if married filing jointly) is generally excluded from taxation.Now, let's focus on the depreciation recapture.
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7 August 2024 | 27 replies
Getting Engaged - do a joint venture on ONE SINGLE deal and see how much you like each other3.
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5 August 2024 | 21 replies
They were supposed to pay the rent jointly, as stated in the lease agreement.
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5 August 2024 | 5 replies
I am selling a 4 unit property that is owned by my partner and I as joint tenants with rights of survivorship.
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14 August 2024 | 134 replies
Took many months of chasing to have record of my funding recorded in the portal.The deal failed and property surrendered in Dec, was not informed until Apr the following year by the operator, in Aug still waiting for official announcement and the MIPA to be provided.Co-sponsors Legacy Wealth Holdings(operator), Community Investment Properties – refused to help LPs that were not brought in by them.3/ Any lesson learned to help future investorsMy key takeaways from this experience are:In addition to doing due diligence on the investment, underwriting, & sponsors.Be very cautious of these joint co-sponsor deals, ask for and understand the partnership agreement before deciding to invest.Understand that co-sponsors oversee the interest of the LPs they bring in only.Avoid fund of fund / feeder fund investments, instead invest directly in the investing entity.If you value timely communications & receipt of investor updates, k-1s, etc, invest only with the deal operator.Ask for a walkthrough of the investment portal using live data in an actual active investment account to ensure its managed according to your needs.
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5 August 2024 | 13 replies
I am still staying at home, my girlfriend has one more year of law school and then we will stay with my parents for one year before looking to buy our primary home with joint income.
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9 August 2024 | 184 replies
There was an article published in the WSJ on January 25th 2001, yes a long time ago, and this was the first paragraph "NEW YORK -- Realtors, already battling Internet companies that have entered the home-selling business, are now organizing to fight a joint proposal of the Federal Reserve and U.S.
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2 August 2024 | 0 replies
Three people signed the rental agreement, which states all tenants are joint and severally liable.
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1 August 2024 | 19 replies
Mini splits are notorious for leaking at the joints if not properly installed.
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1 August 2024 | 10 replies
It's called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".