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10 October 2021 | 3 replies
This way we don't need pay the property transfer tax.
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10 October 2021 | 1 reply
and you can calculate the potential gain from there.But no matter how you slice it Property C was part of the 1031 so the basis of the old property was in part in some way transferred to that property using the form 8824 and that's what your accountant has to give you.
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10 October 2021 | 1 reply
Those are questions for the listing agent.There are often mistakes in listings for rural/Ag property, so trust but verify what the agent says as far as ownership and acreage with the local County Appraisal Office online (if they have it) parcel mapper.
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10 October 2021 | 1 reply
Hi members after doing refi in a BRRRR can we transfer ownership from self to an llc for asset protection or does that require another refi?
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16 October 2021 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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10 October 2021 | 4 replies
"Security deposits were deducted at closing"I assume you mean from your purchase price as that is the normal transfer.
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11 October 2021 | 5 replies
This could probably be lower if all items are in near new condition, but I have had $6k in gas line repairs for gas that couldn't be smelled, but the utility transfer caused a pressure test that found multiple leaks throughout the system.
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8 November 2021 | 5 replies
Avoiding Gift tax if they transfer loan to you.
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25 December 2021 | 2 replies
@Assad Oskuei you're going to want to talk to the Cranston building department.My understanding is that ADUs in Rhode Island are limited to the current owner and only for family members, so you wouldn't be able to AirBnB or rent it out, and the ability to have someone live in it wouldn't automatically transfer to a new owner unless the new owner applies for (and qualifies for) having the same in-law unit.ADUs in RI are much more limited than in other states, for example California.