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22 January 2025 | 5 replies
From what I read (last week when someone else asked a similar question), only foreigners who are permanent residences or some of those here on work visas are allowed to buy a home.
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30 January 2025 | 4 replies
You'll also want to set up criteria for residents.
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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27 January 2025 | 6 replies
Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.
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16 January 2025 | 5 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
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24 February 2025 | 14 replies
Not understanding that...The $41.45 is what's called a Resident Benefits Package, and is growing in popularity in our industry.
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23 January 2025 | 4 replies
I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash.
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27 January 2025 | 12 replies
Investment Info:Single-family residence fix & flip investment.
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22 February 2025 | 48 replies
And the first thing that came up when Googling the subject was Dodd and Frank, which requires RMLO if you originate more than 3 loans per year to a real estate buyer who will be residing in the property (Dodd Frank does not apply to commercial transactions, rental properties/duplexes and etc. among others).I know successful people who did this for a decade or decades.
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22 February 2025 | 18 replies
With San Diego, we would plan to rent as I just don't see the value in owning a house as a primary residence, there are just too many expenses to justify the cost of home ownership, especially in San Diego.