Hello! My girlfriend, @Stephanie N.  , and I set out on a goal for the year to meet with at least one individual or couple each month who is passionate about their real estate journey. We're generally looking to netwo...

Confirming that (generally speaking) a property owner will likely have to report any cancelled debt from a short sale as income? Any way around this if true?

No not because she had an affair, but because she's focusing full time on a Presidential run in 2012. She's burned her ships. There's something you need to understand about a woman like Sarah. When a woman like her ...

Hi BP, I've just bought a property in Rancho Cucamonga in California  and rent it out from last year. Since I live in Southern California, the price of real estate is kind of high. Therefore , although I've already pu...

Hi

Hope someone can enlighten me on the following:
1) tax rate on individual vs LLC
2) is there a state and federal tax component?
3) estate tax planning for non resident.
4) Depreciation for old house. What's the t...

does anyone have info on short sale debt forgiveness occuring in 2011?

in particular on an investment property.

I want to understand this completely.

Is this stating that if a home owner has received a tax deficiency for a house that was short sold, but lived in the home for 2 years, they don't have to pay this?

Thanks

If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...

Hi, I am recently facing a possible short sale, the property is about 35,000 under the water and one thing a firm I talked to told me that if the bank accepts the offer and the short sale goes through, that that I wou...

How will the actual crisis impact the real estate market in your opinion?
The fact is that , justified or not, the crisis has already hit many businesses including hospitality & tourism, transportation, financial...