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24 April 2024 | 2 replies
Here is the detailed information:A condominium was purchased by Person A on 11/01/1986 for $52,700.On 11/7/2015, a real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.On 11/17/2020 person A died.On 01/17/2023 person B died.Person C (myself) will be selling the real property.I need to determine what capital gains I owe on interests I held and then the additional stepped up interests I acquired through survivorship.My analysis is as follows:The timeline for ownership interests is:11/01/1986 Person A 100%11/7/2015 Person A 33.33%, Person B 33.33%, Person C 33.33%11/17/2020 Person B 50% & Person C 50%01/17/2023 Person C 100% The tax implications are:1.
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24 April 2024 | 6 replies
I have a vacant lot I am about to put under contract to sell in St Augustine Fl.
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26 April 2024 | 1 reply
We planned to live here for two years, do a "live and flip", and then sell it and use the capital for other investments.
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26 April 2024 | 21 replies
Rent until tenants move out then sell it and reinvest long distance.
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25 April 2024 | 6 replies
I need help identifying a good market and also a strategy to continue to scale.
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28 April 2024 | 6 replies
Sell your house and find another way to make money.
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24 April 2024 | 16 replies
When he said that wouldn’t work I felt like selling all 5 of my rentals on the spot!
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26 April 2024 | 52 replies
My client was selling a duplex in the city and when they went to sell, they found out that the guy they bought it from did a whole bunch of unpermitted work and the inspector prior to the current one was his buddy and let it pass.
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26 April 2024 | 2 replies
.- The guy with 3,000 posts on BP may be selling you something, like a totally unnecessary $10,000 course or “mentorship”.
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27 April 2024 | 21 replies
Nothing held back for maintenance because the houses they recommend buying are all newly rehabbed, and nothing held back for capital expenses because you should sell them in less than five years and move into multifamily investments so nothing major should break before then.