T. Alan Ceshker
Wraps and due on sale clause
15 June 2024 | 87 replies
Owner occupiers do not do this as they lose the homestead tax exemption we have here.Personally, it is my legal opinion that a lender would lose a fight in court if I deeded my property to an entity in which I am the sole member.
Nathan Cox
Unique BRRR Situation
6 June 2024 | 3 replies
This exemption can be used every two years.Consider living it for one more year to give yourself this option down the line.
Joseph Widen
Bankruptcy and a very complicated Mortgage question
6 June 2024 | 7 replies
Some banks don't care and will lend right out of a BK.In either chapt, if you wish to keep a particular item, you have to tell your attorney so he can include it in the exemptions.
David Judge
Single occupancy as a requirement?
5 June 2024 | 6 replies
If you self manage and have less than 4 units you are exempt from fair housing, but there are also local Seattle laws that may trip you up.
Shilpa Reddy
Title Insurance for lender foreclosure property
5 June 2024 | 4 replies
Other higher fees will cover that “savings” and they’ re title policies exempt a lot of potential liens (code violations, utilities, etc. that are not recorded liens at the time of closing but Do become tour responsibility.
Derek Carrillo
Owning Real Estate in an LLC - The New Landscape in Florida
5 June 2024 | 0 replies
Presented by Premier Law PLLCAccording to Florida tax regulations, real property without a homestead exemption is eligible for a 10% cap on annual increases in its assessed value for real property tax purposes.
John Marlin
Keep or sell 2 primary residences?!
4 June 2024 | 2 replies
However, our ins/taxes are increasing, and our payment would go up as soon as we lifted the homestead exemption as well.
Mark C.
Registered Agent for anonymity
5 June 2024 | 12 replies
Registering isn't that big of a deal and you meet the prior relationship exemption.
Nathan Becker
Putting property in LLC
4 June 2024 | 9 replies
It can get expensive to own property in an LLC if you can't claim the F and E exemption.
Ryan Faber
Cap Gain on Sale When Home is Partial Rental & Primary Residence
3 June 2024 | 8 replies
@Ryan Faber in question 3 what they mean by full exclusion is to get the $500K worth of exempt capital gains when married filing jointly.