Currently working on getting a storage facility under contract. The first pass has an addendum to the owners daughter for a portion of the sale to go to her as a second check. This is for “services” to the owner and b...

I took out some equity on one of my investment properties in 2015 and I am buying another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, can I defer the capital gains tax?

Hi,I have an S corp question.  I have an accountant. Senario-- I own a brokerage with 8 agents and I also still personally do residential sales. My agents are 1099'd as they are independent contractors.  The brokerage...

There is a property I'm currently interested in and I'm wondering if I can get some opinions. It is on a main road in a smaller town so it is busy but not too busy. Every house on the road which is about 50 homes are ...

Currently 1/3'rd owner in 4 LLCs that each hold a separate single family residence rental.  The 4 LLCs are subsidiary LLCs to a parent LLC. If we sell one of the houses is that considered a distribution and we have to...

Hey everyone,

So Im new to this whole thing and would like to know if you could explain to me the process for submitting offers on mls properties. More to the point, is there a specific document that you submit? If s...

Ladies and Gentlemen,
We are preparing to construct a new facility for our business- and move from our existing location to the new facility when it is complete. There has been a tremendous amount of interest in our ...

if i owner finance a property with a wrap mortgage and keep my original mortgage. the title will be transfered into the 'financed' buyer's name upon recording of the documents. this leaves in essense two mortgagees, m...

Hello All,  As I'm leafing through the MLS listings I came across this in the disclosures section under "property information" “Any licensed agent purchasing a REO property from Seller as a “principal” will not ...

We sold a single-family home in December 2023. It was not a 1031 exchange, so we are now calculating our taxes. I think I have figured out how to calculate depreciation recapture -- with one exception. How do you trea...