Cami Danielle
Investing in a rental in New Haven, ct. smart choice?
3 April 2024 | 8 replies
The zoning board can impose fines. also need to adjust lease agreements to reflect tenants status. in the end, with how lenders reflect potential rental income v mtg (dscr) harder to qualify the loan.
James Bakun
How to avoid FIRPTA tax? and how to avoid withholding requirement?
3 April 2024 | 8 replies
As applied to 1031 exchanges, the most relevant exceptions that allow you to disregard FIRPTA include:You (the Buyer) are going to be using the property as your principal residence, and the fair market value is less than $300,000The Seller provides you with a Certificate of Non-Foreign Status (meaning that FIRPTA does not apply)If the foreign Seller obtains a FIRPTA Withholding Certificate by filing Form 8288-B.It is important to note that the foreign Seller cannot submit the Form 8288-B until there is a valid real estate contract.
Ryan Johnston
Tax Questions On Sale of a Old Primary Residence Turned Rental or Keep Renting It
3 April 2024 | 6 replies
The market and current status of your property will determine which is the best case there.
Timothy Eaton
I REALLY SCREWED UP, HELP! 24 y/o, first property.
4 April 2024 | 32 replies
The biggest cause of divorce is marital resentment and contempt.
Jason F.
The Future of FSBOs
2 April 2024 | 10 replies
While agent would prefer to defend status quo but the ball would be on brokerage and the new brokerage that has more efficient transaction system and able to offer something radically simpler for buyer and seller.
Lorraine Martin
Landlord rights with property management
3 April 2024 | 17 replies
This is a Virginia Fair housing Violation (familial Status).
Anand Khanna
Can I buy another "second home" for STR with 10% down?
2 April 2024 | 4 replies
Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213
Lupei Chou
Warrior's of Wealth Coaching, anyone with experience?
2 April 2024 | 18 replies
And the group has the capacity to carry a person all the way, as they grow in their status and investing size.
Bryce Jamison
How to confirm Service Animal vs "Therapy / Emotional Support" Animal?
1 April 2024 | 22 replies
Then they are required to answer whether this is a service animal, or an emotional support animal.The vast majority of people who lie about the status of their animals, claim that it is a service animal since that typically confers the most rights to the animal.
Nickolas Wolfe
Cost Segregation - LTR to STR Property
1 April 2024 | 4 replies
If you are able to get REPS status, that would help tremendously.