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14 May 2018 | 2 replies
try to get him to his accountant to splain it all to himI dealt with that in the timber industry.. old land owner zero BASIS 1 to 2 million in standing timber we offer them cash for it..and first words out of their mouth is they are afraid of paying taxsall while living in a beat up shack and driving a 60s pickup with a broken windshield.I had a way to 1031 the timber in a really nice apartment complex make them 10k a monthnet and replant their property etc etc..
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11 May 2018 | 6 replies
The reason is there are so many aspects of MHP's that no lawyer usually has that breadth AND depth to effectively advise on so many topics.With that said here is my recommendation if you truly need an attorney:Get a generic real estate attorney to help with a purchase contract, if that provides you comfort.Bring in specialists for help if you have specific issues in a certain area you need help (e.g. zoning, grandfather status).I have a custom 15 page MHP-specific contract I use for investor-owned MHP's (this contract is mostly padded with seller disclosures and outs for the buyer if materials facts are omitted - everything from utilities, zoning, and financials), and then for small sellers I use a 3 page TAR form.
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8 May 2018 | 2 replies
Dissolving that LLC immediately prior to the sale is considered industry wide to be risky and an invitation to have your exchange disallowed if audited.Conversion of a rental property into a primary residence was not impacted by the 2018 tax changes.
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8 May 2018 | 1 reply
After the vacancy is filled, that would add another $1,000 / month.The property is generally in good condition with some upside for appreciation and there are some changes I was thinking about to increase the value, I.e. converting from oil to electric and have the tenants in the residential property pay their own utilities.
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8 May 2018 | 2 replies
According to zoning (RS 7.2) this could become 4 lots, utilities are available.
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8 May 2018 | 2 replies
I’m a family man, work in the film industry and have a passion for surfing.Who are you, how are you, and how can I serve?
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8 May 2018 | 1 reply
The units are not metered separately, and all are charged utilities via an equal split averaged out over the past year's usage with a 50% markup.
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11 May 2018 | 13 replies
There are strategies to utilize to reduce and plan for taxes as much as possible.
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27 September 2019 | 17 replies
Number of units is the biggest misconception in this industry.
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6 June 2018 | 6 replies
Is your sister still searching for a home in Land O Lakes utilizing USDA.