John Smith
Capital Gains on Multiple interests inherited over a period
24 April 2024 | 2 replies
Here is the detailed information:A condominium was purchased by Person A on 11/01/1986 for $52,700.On 11/7/2015, a real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.On 11/17/2020 person A died.On 01/17/2023 person B died.Person C (myself) will be selling the real property.I need to determine what capital gains I owe on interests I held and then the additional stepped up interests I acquired through survivorship.My analysis is as follows:The timeline for ownership interests is:11/01/1986 Person A 100%11/7/2015 Person A 33.33%, Person B 33.33%, Person C 33.33%11/17/2020 Person B 50% & Person C 50%01/17/2023 Person C 100% The tax implications are:1.
Troy Smith
New real estate investor
23 April 2024 | 15 replies
Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.
Jordan Rodriguez
Insurance claim check under personal not llc
21 April 2024 | 7 replies
I am writing to seek clarification regarding the insurance claim check that was recently issued to me as the payee, with both my personal name and the mortgage company's name listed.
Ling Chen
Looking for RE investment connections in NYC
26 April 2024 | 26 replies
Personally - I think its hard to invest with zero or little funds.
Andrea Evans
The Discovery Phase of a New , Out of State Investor
25 April 2024 | 5 replies
I personally invest here for both the cash flow and appreciation.
Beth Anderson
HEEELLLPPP!!! Just Got My First Response to Letters! NOW WHAT??
23 April 2024 | 4 replies
Your first few deals are learning experiences and it’s likely you won’t make the best deal of your life until you have more experience.
Stuart Tollison
Markets to invest in or around Salt Lake City
26 April 2024 | 14 replies
My team and I host over 100 properties here in northern Utah and I use this data and the data of my own personal properties to help clients purchase successful investment properties.
Alison Cromwell
Advice for Good Lenders in MD
25 April 2024 | 4 replies
From personal experience, my first property was a HML that I met here in BP that help me start the journey.
Abhishek Nayani
Syndication Returns Analysis
26 April 2024 | 8 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
Joaquin Camarasa
Has anyone done a BRRR in Europe?
25 April 2024 | 13 replies
Planning to discover it this summer in person.