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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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22 April 2024 | 15 replies
Very insightful and helpful.You are correct: they didn't pay for the damages.
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25 April 2024 | 93 replies
@Brandon PaceAppreciate that insight.
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24 April 2024 | 6 replies
However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want vs cash out where you have to draw all the money after closing.
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22 April 2024 | 15 replies
Additionally, to network and learn from those who have more experience.🏠 I have been interested in real estate investing since I got out of the military ~4 years ago.
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23 April 2024 | 3 replies
I am eager to absorb knowledge, gain insights, and build valuable relationships in the industry.
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23 April 2024 | 9 replies
He has given me a copy of his Accord form for his liability insurance but I'm not an authorized user or additional insured.
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23 April 2024 | 2 replies
We’re working with a local agent, just published it recently in the traditional platforms (StreetEasy and Zillow), and looking for additional ideas.Hit me with your best strategies!
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23 April 2024 | 2 replies
We are striving to avoid the appearance of the mailers being sent from the mainland, so any creative solutions or contacts in this realm would be incredibly valuable.Thank you for any insights or contacts you could share.
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24 April 2024 | 36 replies
In the meantime, if anyone has additional information, PLEASE post it!