James Defazio
Tax professional help needed!!
26 December 2017 | 27 replies
I am married with a child dependent and my wife is an employee of our business as she does the cleaning at the Airbnb rental and we file jointly.
Michelle Ross
Wholesaling a property with Divorcing Owners
26 December 2017 | 1 reply
I currently have a 3 unit multifamily lead in Trenton, NJ where the owners are going through a divorce and they want to sell their joint rental property quickly.
Account Closed
Transfer 50% interests in real property to LLC - Tax
27 December 2017 | 0 replies
The 50% owned by my IRA is unchanged.When I make the transfer, the grantor in the new Grant Deed (current title) isMy Ira #WWWW as to an undivided 50% interest and XXXX and YYYY husband and wife as Joint Tenants as to an undivided 50% InterestThe grantee is My Ira #WWWW as to an undivided 50% interest and My LLC as to an undivided 50% InterestMy wife and I own the multi-member LLC 100% and we and the property are in California.
Raquel D.
Capital gains tax exemption for residence if recently married
10 January 2018 | 8 replies
If you get married and file joint return you will be able to exclude full $500k, assuming that your partner has lived in the house for 2 out of 5 years preceding the sale, and neither of you had another exclusion on sale of a house in the previous 2 years. 2.
Marco Cruzatt
Joint Mortgage-4 unit
9 January 2018 | 0 replies
I've been planning on buying a 4 unit for a while now but prices in Los Angeles CA are too high, therefore, my friend and I are planning on combining forces.The questions is, can we both apply for an FHA loan? and if ...
Adam A.
Toledo, OH Lead Paint Ordinance Compliance
4 July 2018 | 4 replies
LCHD and Department of Neighborhoods have taken 4 landlords in the last few months to court in regards to lead paint problems.Fact: Department of Neighborhoods is the only sector in Toledo that makes money due to fines.As of this post, Due to the increasing amount of inspections being turned in, it may take LCHD up to 60 days to issue certificates.For more detailed discussion, joint the Facebook closed groupAdam Atassi
Stephen McCracken
Cashout Refi on Relative's House to House Flip & Tax Ramification
18 January 2018 | 3 replies
Hey Guys,Just got off the phone with my CPA (out in California)... relocated to Denver a few months ago.I recently refinanced a retired relative's home (I was named co-borrower hence now on Title as joint tenant)My questions are1.
Mack Mcalistair
4 of 5 pay rent one is not. What to do
18 September 2017 | 3 replies
if you have five separate leases, you issue pay or quit, then file for eviction. if you have one lease, you tell all 5 that rent payment is not fulfilled, and you will file for eviction. follow your state laws or hire an attorney. hopefully your lease has a clause holding all tenants jointly and severely liable, as all 5 will be facing eviction
Jose Perez
Funding a deal with a relative's money
18 September 2017 | 4 replies
Have you to together 50-50, 80-20 etc joint tenancy and when time to break up she can sell it to you at agreed price.
Dean Belcher
can you go from renting to real estate investing with 35k?
20 September 2017 | 10 replies
Background: I am newly 24, my wife and i make roughly 35k a year jointly, but in the next year with already confirmed jobs from our new degrees we will be around 75-140k jointly (if we both work full time or she works full time and i focus full time on real estate) .