
19 October 2020 | 4 replies
Sellers still need to sell, and the more pressure they are under to sell, without a buyer appearing, the more likely they are to accept a deal where you pay for their equity in monthly installments.

19 October 2020 | 3 replies
You could ask for a discounted fee from the agent since the potential buyer will most likely accept the home 'as is' and won't be subject to an appraisal.

19 October 2020 | 9 replies
@Jessica Sepposection 121 exclusion(rules on sale of personal residence) are more advantageous than QOF or 1031 exchange.QOF and 1031 options are good but if you have the option to do section 121, I would normally suggest to do that instead.The difference is section 121 exclusion allows you to exclude the tax(not on depreciation recapture) while 1031 and QOZ allows you to defer the tax.

20 October 2020 | 9 replies
I had some questionable systems in the house and I was glad to have it.After a seller accepts your offer, that's when negotiations begin.

12 November 2020 | 20 replies
Hello BP community, Some Background: Currently had an offer accepted on a Duplex in West Warwick, RI.

20 October 2020 | 6 replies
Unless the property was your residence in which case you should discuss the 121 exclusion with your tax professional.

26 February 2021 | 61 replies
The Supreme Court accepted my complaint and issued the tenants a summons.

23 October 2020 | 5 replies
If it's the former, I'd consider any court-ordered child support as additional income and accept her if she met all of my other qualifications.

24 October 2020 | 7 replies
More than likely, he just needs to document the gift in his tax filing, and as long his total gifts are under the threshold, he'll pay no taxes on it (nor will you - until you sell it).Another option to explore besides gifting: you and he could set up a seller financed deal, where you pay him a small amount each month/year, which would keep his taxable income lower than if he accepted a lump sum payment.Double-check the above w/a CPA.

20 October 2020 | 9 replies
I accepted after a short counter offer.