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Michael J Shabazz Wholetailing Subject to Deal Advice

19 January 2017 | 1 reply

The seller's ex husband currently occupies the house but can't afford the mortgage and would like to move ASAP.My Strategy Is to:Purchase Subject to, get on title to start the 90 day seasoningRent the house to the current occupant on a month to month lease less than the current mortgage payment (incentive to stay, be corporative with Sub to, and subsidize holding cost during the mandatory seasoning)Begin marketing the house immediatelySell to a VA Loan buyer immediately after required seasoning Both sellers are on title but wife has exclusive discretion for sell of house.

Alberto Murillo Questions on Gift Tax & Form 706

30 January 2017 | 6 replies

Ergo, when you subsequently sell the shares you would owe capital gains on the difference between your basis ($500) and the amount that the stock was sold for.Say, you eventually sell the stock for $1,700, your capital gains would be the difference of the "carryover" basis of $500 (NOT the $1,000 FMV as of the date of gift) and the selling price of $1,700; hence, your capital gain would be $1,200 - subject to the capital gains tax rate that would be in effect at that time.Again, seek out a competent tax advisor for further guidance.

Taylor K. Problems with Owner Financing

19 January 2017 | 1 reply

I'm trying to remember from subject to's there might be a specific letter you can send the bank notifying that you will be sending them the checks.

Don Taylor Pulling comps in Orlando without MLS access?

25 January 2017 | 7 replies

I would look for properties with comparable bed bath count, sq ft, home style, etc. 3 recently sold, 3 active, and 3 under contract all within the vicinity of the subject property.