5 April 2018 | 8 replies
., rental) use would not include any period after the last date that the property is used as the principal residence of the taxpayer or the taxpayer's spouse, so it essentially doesn't matter that it was a rental from December 2014 - June 2017 for purposes of the home sale gain exclusion since the last date you lived in the property as your principal residence was before you rented it out.Depreciation recapture is another story.
4 April 2018 | 4 replies
Here is another question that I'm sure has been asked before but maybe times change...Besides say the BP Reports of the deal analysis is there anything else that would be smart to include to private or otherwise lenders and or partners, in a nice presentation folder or the like.
26 February 2021 | 6 replies
I know investors in Ocala who have used been very happy with their services, and they definitely handle investor needs, including double closings, etc.
9 April 2018 | 8 replies
I thought that sounded steep, but none of the applicants hesitated to pay including the one with a 450 credit score who was well aware of our minimum qualifications.
10 April 2018 | 21 replies
@Roxanna Pifer - I have been switching my focus to include Monroe county the past two months.
6 April 2018 | 8 replies
Ask for a copy of your lease if you don't have one already, read through it and check to see if AC is included in the lease at all.
5 April 2018 | 8 replies
You accountant should know how much equity you have in the property and can help guide you but you can do the following:1) Sell and do a 1031 exchange to delay any gains tax.2) Sell on land contract to an owner occupant- they would be responsible for maintenance (Maybe include a home warranty with the sale) and you no longer have to pay a property manager.
4 April 2018 | 10 replies
You need to time your refinances to stagger the balloon dates/years.What I would do, if I were in this spot, is to time your next refi to include taking out some of that built up equity.
19 April 2018 | 33 replies
After talking to them yesterday and giving them several options (including the eviction and the ramifications to their credit and such) and getting inside the property (which surprisingly is in great shape.. just a couple of blinds are messed up) the tenant changed their tune and even apologized.
7 April 2018 | 20 replies
This includes a 1 million dollar umbrella and basement flood insurance.