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26 August 2020 | 7 replies
If your parents own it and rent to you it is not owner occupied.
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26 August 2020 | 24 replies
There is certainly an opportunity cost associated with holding the property, but if you can't find any opportunities to invest in at this moment, you might as well keep your money working for you.
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27 August 2020 | 47 replies
I am going to purposefully withhold some detailed information on the mechanics of how to do this, for obvious reasons, but yes I have gone through this before and am speaking from 1st hand knowledge.
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25 August 2020 | 5 replies
I'm targeting a 3+ bed home to rent out with a granny unit where I will live (or rent out a room at my parents' for that matter).
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26 August 2020 | 8 replies
That is a conversation to have with your CPA and attorney.You don't necessarily need to change CPAs, but you should make sure yours is comfortable with reporting the 1031 at the federal level, reporting the 1031 to CA in the year of exchange and thereafter, Sec 1446 withholding, FDAP/ECI considerations, and filing your 1040NRs and any applicable individual state returns.
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25 August 2020 | 1 reply
Is there any way my parents could possibly back home could assist me with this?
26 August 2020 | 3 replies
And move into my parents vacation home for awhile?
26 August 2020 | 1 reply
If a parent or someone else over the age of 18 is willing to be your "partner" and sign for you then you're good.
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30 August 2020 | 7 replies
It has been a month but the situation changed, my elderly parents need to move in with us and need a bigger home (covid, sickness, financial, other reasons).
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29 August 2020 | 0 replies
I would like to know if you or anyone you know can help me with services to create a flyer, pdf, or any other ideas you would have to help me get exposure for my parents property before it goes on the market with the people around me and beyond.