Buddy Holmes
Call for a simple equation for new Basis in 1031 Exchange?
18 April 2022 | 4 replies
***Not a CPA and no filing tax return experience for others***Specific to this example: Basis of the property acquired (B2) = Basis of the property transferred (B1) + Additional Consideration Given (In this case if property transferred was sold for P1 and that was the same amount used to purchase the property acquired then there was no additional consideration given)B2 = B1https://www.law.cornell.edu/cf...If, in an exchange of property solely of the type described in section 1031, section 1035(a), section 1036(a), or section 1037(a), no part of the gain or loss was recognized under the law applicable to the year in which the exchange was made, the basis of the property acquired is the same as the basis of the property transferred by the taxpayer with proper adjustments to the date of the exchange.
Alex Moazeni
Agent charged me a lot to rent out my property
22 April 2022 | 15 replies
I think I'm happy to pay the fee given the variables you describe, but in that case didn't feel that the agent actually had her tenant's best interest at heart.
Lincoln Glemaker
Help to find financing for single family investment rental
27 April 2022 | 3 replies
Our maximum LTV on purchases is 80%, and our minimum loan amount is $100K, so I can for sure help with the situation you are describing.
Jack Synesael
Applying for a Home Equity Loan on a rental - PLEASE HELP!!
25 April 2022 | 3 replies
What you are describing is a simple cash out refi on an income property.
Mario Am
tortious interference from a real estate agent
24 April 2022 | 19 replies
So although you may find it distasteful, what you described is likely just competition and not tortious interference.
Ethan West
No oven, no blinds, can someone please help me understand the law
24 April 2022 | 10 replies
I suspect from what the OP describes he has rented a house at one of the many golf courses in and around Bend these are high end 1 mil plus homes.. so rental grade window treatments would be pretty strange and these are not standard windows I bet.. so i can see his problem.
Robert Walden
How to purchase a property that's listed for auction?
6 May 2022 | 10 replies
.)- RobertFrom what you've described the house is not in foreclosure (pre-foreclosure, sheriff's sale or REO auction).
Daniel Chavez
How Does one start a mortgage company?
29 April 2022 | 10 replies
Other wise your just a RMLO and are working for the actual Mortgage banker kind of like RE salesmen need to hang their license with a broker get experience then qualify to be your own broker ( of which I have one of those also thats in CA. ) Each state will have their own criteria what I described is Oregon.
Daniel C.
Question on marketing for number of bedrooms
5 May 2022 | 6 replies
Because the larger of the other two bedrooms doesn’t have a closet and the one with the closet has the stairway intrusion I’m not quite sure how to best list/market it and describe it in the listing.I’m sure there are plenty of other local landlords with a similar building so I was hoping to find out how you have or would list to get a better response out of the tenant pool and rental price.Bedroom 2: 9’ 2” x 7’ 2” No closet Currently used as my officeBedroom 3: 8’ 8” x 7’ 2” 46” x 46” closet Partial intrusion from the stairwell for the 2nd floor entrance Currently used as bonus storage roomProperty is located in this area and what I would consider rental comps
Michael Gandy
Home Inspections - recourse when deficiencies found
2 May 2022 | 9 replies
If so, describe the problem they missed, the scale of the problem, and how obvious the problem was.