10 January 2019 | 0 replies
I'm a medically retired Marine of 15 1/2 years of honorable and faithful service to my country.
11 January 2019 | 5 replies
At the same time you’ll file a Preliminary Change of Ownership Report explaining the reason for the change (name change due to marriage), and an Affidavit of Exemption from Documentary Transfer Tax (since you’re just correcting a name and not actually changing ownership) so you don’t have to pay any fees.
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26 January 2019 | 8 replies
Maybe you're in a state that allows medical or recreational marijuana.There's no way I can answer your question because I don't know what your needs are.
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11 January 2019 | 2 replies
They were built in 1910 and have high ceilings, brick and tile roof construction.I purchased the property for £252k with 5% down, in the UK we have first time buyer mortgage with a 5% deposit option and tax exempt for under £500k purchase price.
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24 June 2020 | 8 replies
I am a field sales representative for a medical device company, and the territory I'm responsible for is quite large: Staten Island, Brooklyn, Queens, and Long Island.
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13 January 2019 | 5 replies
This is going to be kind of "off the cuff" so if there are some inaccuracies, please let me know.Alright, so the beauty behind a live-in flip is that it is your primary residence and I believe if you have lived in it as your primary residence for 2 of the last 5 years, you are able to sell the property, up to a certain limit, without capital gains tax.If you lived in one side of a duplex and rented out the other, I believe the same rules apply but you would only be able to take advantage of half of the benefit because only half was your primary residence.My question is, is it possible (legal) to live in one side for 2 years and fix that side up, move to the other side for 2 years and fix it up, then sell the duplex within a year so you would still have each side your primary residence for 2 of the last 5 years and be able to capture both sides as a primary residence exemption?!?
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13 January 2019 | 4 replies
I'm asking if I can use 401K to purchase primary homestead property, even thought I currently have a homestead exemption in my primary home, but looking to move out and rent it before doing the move.
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11 January 2019 | 1 reply
Hi BP friends,I want to double check if marketing my rental house to "medical students" will get me in any sort of trouble.I do not believe students are a protected class and as long all my ads will do the same this should be fine, correct?
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15 January 2019 | 8 replies
Been discussed here a hundred times if you do a search.Residential loans to either a natural person or an entity, for the purposes of a flip, would generally be a business purpose loan, exempt from DF, and seemingly exempt from this licensing requirement.
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13 January 2019 | 4 replies
If you 1031’d into an investment property, then moved in for 2 years, you don’t get the full exemption...see Unqualified Use....only the prorata time it was your residence is exempt.In Any event, once you sell a property(without 1031ing again) you 1031’d into, the previous deferred tax becomes due, no matter how/what you did with the second property.