Justin Summers
Death of grantor of Revocable trust and future taxation
My Mother passed this year and had all her real estate (8 rental properties netting about $100k per year) in a revocable trust I'm the trustee of the trust now. It's my understanding that the trust has automatically ...
Juan Figueroa
short sales FAQ for new investors or anyone in general.
Q: If the property is In pre-foreclosure is it a short sale?(Agent & Investor)
A: Not necessarily in order for a short sale, seller needs to owe more than the property is worth and HAVE A FINANCIAL HARDSHIP.
Q:D...
Jason Nguyen
How does a price of multifamily increase in value?
Hello everyone,
I recently bought a fourplex in Atlanta, GA for $500k with 25% down conventional loan, and the previous owner rented it out at a price way under market value. I then spent nearly 30k to fix up all 4 u...
Slimen Rouri
300K to invest
I have 300K to invest. Should i put 20% down and get a business making 20% a year?That's technically a 100% return on my money.Only problem I'm having with this, is some franchises i've looked at have a net worth.Can ...
Jason Vo
Sell or rent ?
Please help newbie, I rented my house last 2 years in orange county CA, which was my primary resident for the past ten years. Should I sell it now to avoid CAP gain ( 121 rules), then invest in fourplex or just keep i...
Walt Waters
Logic behind add back principal payments
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
Dennis Tierney
Obamacare rent tax
For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...
Hart Pearson
Would This New 0 Money Down Strategy Work?
Here's the hypothetical... Could an investor whose licensed as an agent use increased commission to offset their downpayment?? Say for example...
Purchase of $100k using conventional mortgage, Seller pays closing cos...
Alan Williams
1031 Exchange For SoloK Property
Modeling a potential [transaction] scenario and would appreciate feedback/insights on legal and/or tax implications as well as whether each of the options for the overall transaction makes sense ...Property 1 is value...
Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...