Bob Malecki
Are fractionalized deed of trusts allowed in Washington state?
As I recall WA does not allow fractionalized deed of trusts for real estate, but a friend of mine actually participated in one as a lender on a 4-plex investment in Seattle. The borrowers stopped paying him so he want...
Rich Schmidt
Would I need a license to manage a rental for my parents?
My parents are thinking about buying a 4-unit near my house. Am I legally allowed to help them with the management of the property if I'm not a broker?
If being a broker IS required... could we get around that by my...
Amber C.
Capital gain tax exemption on primary residence w/ rental
Hi everyone I am new to real estate investment. I have a question on tax exemption.
If I buy a property for $700k and live there as a primary residence, but I rent out the basement for $1500 per month. When I sell ...
Phong Lam
Can Self-Directed ROTH IRA purchase R.E. with tax-free?
Hello BP Community,How are you? Hope all is well! I'm a fairly new member on the BiggerPockets.I just have a question for you regarding how to use a ROTH IRA funds to purchase real estate properties. Since all funds a...
Leeannjua Stevenson
INHERTIANCE TAXES ON SALE BY BENEFICIARIES?
I inherited a home along with my siblings from my father who passed away. We have never resided in the home, and ended up selling the property. At the time of sale home was free and probate had back personal taxes owe...
David Decker
How to will your real estate and avoid taxes.
My friend came to me with a question? He asked - how can I (will) my portfolio of multi family and strip mall commercial real estate to my family, without them having to pay any tax or is the even possible? I wasn't e...
Jimmy H.
Using RE to bypass inheritance tax
I had a thought that you could potentially use RE to bypass inheritance and gift tax issues. I know that you are only allowed to gift about $12,000 to any one individual, and I know the goverment taxes you when you di...
Brian Gibbons
Dodd Frank News Oct 22, 2014 - CFPB Finalizes Qualified Mortgage Points & Fees Cure
On October 22, the CFPB finalized targeted amendments to the Dodd-Frank Act mortgage rules that took effect in January 2014. The amendments include: Points and fees cure. Under the Ability-to-Repay/Qualified Mortgag...
Jeremy Little
Capital Gains Exclusions
Hi all, I’m coming to this group because I’ve now gotten different answers from different cpa’s and I figureD this might be the best place to help resolve this or see if I need a third opinion. I’m trying to understan...
Ramki D.
How frequently do you visit your rental property?
I have a rental property in the Natamos area. So far I am visiting yearly once. I am wondering how frequently the landlord can visit the property and he can and can't do it while visiting? Do I need tenant permission ...