I have a property I manage for a trust, that will sell for lets say 400 kAt the time of first grantors death the property was appraised at 325 K.At the time of second grantors death the property was appraised at 375 Kdifference between those dates of death is 50 k and difference between the last appraisal of 375 and selling price 400 is 25 K.I don't understand how the stepped up basis works, if the trust is in the 28% tax bracket what the expected capitol gains tax is based on. 

When I got into this particular tenant's apartment I found trash scattered everywhere, the smell of marijuana, and multiple beds spread out in the living room.  

Ok, everyone...feeling a little like the guy being stoned to death in the town square. 

We are trying to crunch through the numbers and wanted to see what you all thought and receive some input or insights.The following are the first two viable options in the Hyde Park area and both are professionally managed :Option 1Tri-plex, 3 story, each unit has 2 bedroomsAge: 76-100 years, recently renovatedPrice: $325,000Gross income: $34,200Gross Expense: $12,506Net Income: $21,694Annual Tax: $1,050Option 2Duplex: 2 bed unit, 3 bed unitAge: 100ish years, recently renovatedPrice: $340,000Gross income: $31,800Gross Expense: $10,074Net Income: $21,726Annual Tax: $800

Bump for the real estate meeting in riverside 28th i would like to meet new local investors and possibly bring up a idea of a bed and breakfast I would like to maybe one day build in Temecula.  

How to do this varies from place to place. it could be as simple as taking the death certificate to the recorder's office, and recording a new deed. 

Mark - did you acquire the property through death or divorce?  

Square footage and bed/bath count does play a direct factor when it comes to value.

I'm offering asking price to the seller, but the seller has added an adendum that offers all previous renters with contact information, as well as all future bookings (From April through June), in addition to furniture - Tiki bar, outdoor grill, kitchen tables, bedding, the works.

Hey BPers, I've been house shopping lately, looking to hack into my next house. Dallas, Fort Worth area, and I've noticed tons of rehabs out there and they're all painted the same colors (if you call neutrals colors t...