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5 January 2020 | 5 replies
And you could rent it for 3 more years and still be able to sell and take the primary residence exclusion.
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4 January 2020 | 5 replies
And yes, you will lose some of the deduction, proportionately, the longer you rent it out.Unless you're an experienced landlord, and the house needs reconditioning anyway (so you'll do it after the tenants leave), and you can somehow do without the primary residence tax exclusion, SELL IT!
7 January 2020 | 4 replies
My dad passed August 2019 and I thereafter notified the bank of his demise, asking them to put the loan exclusively into my mother's name.
5 January 2020 | 5 replies
I am going to suggest you check on the tax consequences of turning your primary residence that gets a $250,000 tax exclusion into a rental property though. 20 years ago you could own property, turn it into a rental and then move in for 3 years and turn it back into a primary residence.
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10 January 2020 | 70 replies
@Alla Minchenkov so I know every state is different, but...In FL we almost exclusively use as-is purchase contracts because they are very straight forward.
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12 February 2020 | 19 replies
This is just the cost to buy the Option Contract.3 - The Option Contract = Gives the exclusive right to buy the property over a specific period of time.If the term in the Option Agreement runs out, and the Option is not exercised, the Agreement is null and void.The 4th Contract should only come into play if the Option Contract is exercised...and that's a typical Purchase agreement.The REI makes their money on the spreads between the similar contracts, and at no time should the REI ever be spending more money than the OC and the first month's rent...and both of those costs should be recovered from the end tenant/buyer almost as fast as the REI spends it.
11 January 2020 | 17 replies
If he didn't and did something shady, he stands a good chance of heavy fines and suspension/loss of his license.I've represented sellers with unrepresented buyers and within the bounds of ethics, I have walked all over them to the benefit of my client.The next thing to understand is that virtually all agents will operate only under a contract with the seller called the "Exclusive Right to Sell".
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7 January 2020 | 16 replies
This also includes you signing over exclusive rights to your media content & likeness to the production company & TV network.
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6 January 2020 | 4 replies
Living in it is only required if you want the tax free primary residence exclusion.
7 January 2020 | 4 replies
Then you can mail or cold call or both.Other cheap or free methods are driving for dollars, craigslist, Realtors, FSBO sites, expired listings, foreclosure sites and bandit signs if allowed.If you have the funds you can use billboards, newspaper ads, other offline publications., TV commercials, radio ads, motivated seller websites, SEO, pay per click/adwords, facebook, Linkedin, Youtube, and other forms of online advertising and boosted/promoted social media postings.Bottom line is integrity and consistency.