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26 December 2024 | 27 replies
FF is a great tool, but you can also look up local corporate leasing companies, as well as, insurance companies/agents to work with for individuals who are going through home insurance claims.
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28 December 2024 | 11 replies
And no, the purchaser would not have a viable claim over the incorrect record as all information concerning the subject property must be independently verified.Owner should have accepted the pre-auction offer which turned out to be ~2x the high bid.
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20 December 2024 | 0 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate wouldn't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.
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24 December 2024 | 9 replies
You could set up one LLC to own your 4 rental properties and quit-claim deed them over and that would be the maximum I'd do with respect to LLC formation.
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18 December 2024 | 4 replies
Likely it is just a quit claim deed to your new name, however, also note that some states (ie MI - requires another form to be filled out and it changes our taxes - or can change them....).Get the help you need to make sure it is done right without costing you extra down the road.
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25 December 2024 | 10 replies
All rooms within the property are leased as furnished.During my initial residency, the tenant expressed dissatisfaction with my personality, claiming I acted superior and nitpicked him.
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31 December 2024 | 32 replies
if yes then you got the answer, an appraiser will never come in with the proper value of A turnkey, because they rely on local comps even though those comps need much work and the principal is already done and cash flowing.2- These turnkey sellers usually purchase there properties for far below market value, if this is the case the appraiser might appraise for A lower amount due to the previous sale on the property.I don't know what turnkey seller specifically you are talking about of, but if their customers are happy then you got your answer, if their customers claim they were ripped of then you got the answer as well.
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9 December 2024 | 4 replies
I don't know what area you are in, but generally just take them to Small Claims Court.
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19 December 2024 | 1 reply
Living in the property for two years likely allowed you to claim the capital gains exclusion... up to $250K for singles or $500K if married.
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24 December 2024 | 14 replies
If house hacking, allocate expenses between personal and rental use to claim deductions only for the rental portion.