Derek Tuohy
Tax basis - Joint Ownership or Inheritance?
27 August 2024 | 6 replies
As a joint owner, only her share would receive a step-up, and you'd still owe capital gains tax on your portion based on the original purchase price.
Celestine Shalhout
New & Learning about Real Estate Investing
27 August 2024 | 3 replies
One common advice I have noticed is purchasing a duplex or multi family home in your area or at least 30 miles within proximity.
Carlo D.
Banking problem can't open a bank account for my LLC
28 August 2024 | 5 replies
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing.
B Ryans
Where Are The DC Property Management Companies???
28 August 2024 | 4 replies
Why do you think purchase contracts are so long and have such small print?
Kathryn S.
Is tenant obligated to communicate?
25 August 2024 | 7 replies
If a landlord asked me, I know I wouldn’t set myself up for landlord to say I was somehow responsible for that determination.
Andre Guieb
should I use a Heloc to secure financing for a new construction deal?
27 August 2024 | 1 reply
I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.
Joehn B.
Texas HOA foreclosure risks?
27 August 2024 | 4 replies
The property I am looking at has equity and only a purchase money loan (1st mortgage).I understand the basics, Wining the bid, gets me the deed subject to the existing loan.
Sri Voodi
Buying and Rehabbing a distressed property using SDIRA funds?
28 August 2024 | 10 replies
You can purchase the property for $300K and cover the $150K rehab costs with your SDIRA, leaving $50K in the account.
Tiffany Makiya
Heloc to renovate then cash out refi. Good idea?
24 August 2024 | 11 replies
We help clients determine which route makes the most sense all the time!
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
21 August 2024 | 28 replies
If you rebate this to the purchase, your broker should exclude the amounts from your 1099.The short answer for you is that if you don't need the cash, waive/rebate the commission to the purchase.