Account Closed
$5,000,000 Property Saved!
13 July 2016 | 0 replies
The family members were all married and did not want the spouses of each partner to take over if one of the partners died.Our client owned several farms outside of the Chicagoland area which when purchased in 2005, at the peak of the market, having values in excess of 5,000,000.
Geoffrey Reno
Newbie from Dayton/Springfield Ohio
14 July 2016 | 5 replies
I'm 27 and married with 2 children.
Greg Atwood
Entity for owning multi-family rental property
30 May 2017 | 6 replies
Once you start adding partners that you aren't married to, it should take longer as you'll want to consult with an attorney to write your Operating Agreement.
Ilario Sepulveda
Just a short intro!
13 June 2017 | 12 replies
I have pretty good credit (723) it's just with me trying to move Rhode Island and House hack, and marry someone with a large sum of debt, I need assistance if it's there.
Marc Bushee
Interested in Syndication
6 July 2017 | 2 replies
Accredited investors are people who meet the following definition: either (1) $200,000 of income individually; (2) $300,000 as a married couple; or (3) $1 million in net worth, excluding their primary residence.
Debbie Chipman
Selling primary home as Owner financed and taxes
15 July 2017 | 3 replies
You will be able to exclude up to $250,000 in gain if you are single, or up to $500,000 in gain if you are married and filing a joint income tax return, as long as you can say that you have lived in the property as your primary residence for at least a total of 24 months out of the last 60 months (two years out of the last five years).You should not have any taxes to pay since you have lived there for at least 11 years unless your gain exceeds the $250,000/$500,000 limit.
Bryan Pham
Up Exchanging Questions
10 August 2017 | 3 replies
The portion you live in would be considered your primary residence and if you have lived in it for 2 out of the 5 years prior to selling it you will be able to take the first $250K ($500K if married) of profit tax free from the portion allocated to your primary residence.The other 3/4ths would be considered investment property and could be exchanged tax deferred for commercial property.So at the end of the day you could conceivably sell that property.
Lakshay G.
Unique Situation Regarding Financing and Ownership
15 August 2017 | 5 replies
There is an exemption for single people ($250,000), and married couples ($500,000).
Matt Oehlsen
Fairfield County Realtors - Share Your Experience
1 September 2017 | 5 replies
I don't know about you but I like my weekends, I don't want to show 30 houses to indecisive married couples for a 3% commission, but that's just me.