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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.
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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.
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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.
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25 April 2024 | 5 replies
I personally invest here for both the cash flow and appreciation.
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25 April 2024 | 6 replies
@Kristen DolotinaYES 100% a service like that existsSpeaking from experienceI had an out of state investor purchase a duplex in Texas & after closing the PM company handled the applications, screenings, placement of tenants for a 1 months rent fee.MY SUGGESTION:Google a local Real Estate Brokerage and call that number and just ask the person at the front desk (who answers the phone) who their recommendation is for a PM company and why.
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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.
25 April 2024 | 10 replies
Personally, I would also be more inclined to work on a market where you have fewer rentals available.
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25 April 2024 | 11 replies
23 years is a long way off, but I know a person with a hangar they are tearing down to build new in effort to keep their land lease.
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25 April 2024 | 8 replies
They focus more on the property's income potential rather than personal finances meaning no DTIs, less paperwork, and more underwriting flexibility.
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25 April 2024 | 13 replies
Planning to discover it this summer in person.