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20 September 2024 | 7 replies
You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.
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20 September 2024 | 36 replies
My only suggestion is that you research the transfer tax in those areas.
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25 September 2024 | 96 replies
Some states require a long formal court process, during which time the person in charge (executor or administrator, aka personal representative) may have certain interim powers to sell real estate before distributing to heirs or beneficiaries.Other States make it possible to get a single court order distributing real estate to heirs or beneficiaries without the need of the lengthy interim (formal) probate.Still other States permit a really informal, simplified method of transferring real estate from a deceased person to their heirs without court involvement.Hence, you you've got to know the State, the basics rules for that State and what's required to purchase in order to know when the sweet spot to market to a probate seller is.
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19 September 2024 | 3 replies
This way there will no be loose ends and title transfer will be clean, you wont even have to issue a quit claim deed.
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21 September 2024 | 12 replies
It is difficult to maintain, it scratches, it warps, it stains, it needs to be cleaned with cleaners made for wood floors, pets tear it up, it transfers noise, it shows wear patterns, etc.
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16 September 2024 | 10 replies
I have a lender, I would work with the same law office as previously, I have an insurance agent, I would find a home inspector, I would coordinate with the lender on the assessment - I feel quite capable of managing all of that.
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18 September 2024 | 6 replies
Some investors prefer buying properties personally and transferring them into the LLC.
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21 September 2024 | 71 replies
I’m listening to the BRRRR book now and although I can’t apply directly what many of the ideas are concluding there are a few examples like Mike vs Tom scenario where Mike’s career skills transferred to other creative ways of connecting with potential clients.
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18 September 2024 | 4 replies
The closing date is the date means when you close and when payments from the borrower would transfer hands.
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18 September 2024 | 5 replies
I'd see what they think as far as a possible moving schedule and coordinate a reasonable solution.