Rene Hosman
WTF is a land swap?
16 January 2025 | 13 replies
They cited insurance reasons, which could very well be true, but many residents felt it as a big "f you" Now folks from outside the community could argue this was an entitled stance from the residents, to feel they had access to this private land when they didn't, and that on the face is certainly true.
Marshal Butterfield
New Member Introduction
15 January 2025 | 9 replies
Feel free to ask anything, anytime.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
I'm feeling that I am being milked and preparing to get my attorney involved if we don't settle this soon.
Jared Carrano
New Investor Exploring Hudson Valley Real Estate Opportunities
10 January 2025 | 4 replies
Feel free to ask anything, anytime.Cheers!
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
It doesn't really feel like enough of a reason to expose ourselves to the risk of a costly potential litigation.
Jordan Laney
PM signed awful snow contract
22 January 2025 | 14 replies
You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
If you need any recommendations for estate attorneys or CPAs in San Diego, feel free to send me a message.
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
12 January 2025 | 10 replies
I feel that MLS is not accurate because not all property managers put them in.
Michael Deering
Buying Rentals in Japan
25 January 2025 | 15 replies
I am sure others will feel the same.