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12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
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15 January 2025 | 6 replies
. ;-) The following is just general informationIt sounds as though the seller has an investment to sell, not his private home.
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27 January 2025 | 11 replies
Sounds like he was feeding you a line of garbage.
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13 February 2025 | 25 replies
so after reading all the comments it just sounds like make sure i have lenders that's okay with rural areas
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21 January 2025 | 14 replies
Quote from @Sharma Parth: Quote from @Jacob Sherman: are they selling the rent ready properties or consultants guiding you start to finish in the process rent ready properties. they will take distressed properties > fix them > get you section 8 tenant > and also offer management for you Sounds like a no brainer if the numbers are right .
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9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
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21 January 2025 | 74 replies
I don't want this to sound rude, but I don't know how else to say it.
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1 February 2025 | 23 replies
Then hire one that sounds competent and that you can get along with.
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8 January 2025 | 6 replies
I'll continue you to read on the forums I've learned so much in the little time I have engaged in the forum.