24 April 2016 | 4 replies
Current owner inherited the property from her father.
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25 April 2016 | 8 replies
The current triplex in my scenario was FHA and when they bought their duplex we used VA financing, however it is possible to get two FHA loans if you qualify for one of the 4 exceptions which I've written about before (cosigned on FHA/divorce/larger family/ or inheritance of existing FHA).
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6 December 2019 | 3 replies
@Basit Siddiqi in the case of one or more non-investors inheriting the home from a relative, do they have some tax benefits to taking mortgage installments rather than just selling it for cash?
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3 October 2019 | 7 replies
We live in Peoria, Illinois, and we recently (and completely unexpectedly) inherited some rental property in the UK - two sets of five self-contained apartments, and two houses.
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4 November 2019 | 21 replies
Daughter inherited house from deceased father.
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26 September 2019 | 6 replies
If you die still owning that piece of property we discussed earlier, even if it is fully depreciated and worth $0 in the eyes of the IRS, and leave it to your heirs in their estate, they will inherit it on a stepped-up basis (i.e. whatever a fair market value appraisal says it is worth), and they can sell it anytime within 6 months of taking ownership for the FMV price and pay ZERO (nada, zip, zilch) in either recapture or capital gain tax.
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26 September 2019 | 8 replies
Just awful.This was an inherited tenant with no pet deposit.
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3 October 2019 | 35 replies
Are you inheriting tenants?
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26 September 2019 | 4 replies
It allows you to build equity quicker, lessen your monthly expenses (should you rent rooms, etc) and maintain an asset that has a larger demographic of interested buyers should you sell in the future.To @Gabriel Graumann's point as well, look in areas that have good schools, employment, etc.
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27 September 2019 | 2 replies
i have inheritance that i will receive from overseas . the inheritance has been in my family line for 2 generations , and i would be devastated/angry to know that if it has to be given away to my partner if we divorce , she and her future new husband could enjoy it what my family worked hard for. i also have assets here in the US both in my personal name, and a LLC. the assets i have are 2 rental properties with no mortgage worth over 1 million, and i just formed an LLC that i have been using to make investment. i need to sell the 2 properties next year. it will most likely happen AFTER I GET MARRIED. if i sell them after i am married will she be entitled to half in a divorce ?