Mark Jackson
Selling a Home Abroad
Hi,My parents are selling a home in Gambia West Africa. The property will sell for roughly 100K. We want to start investing in real estate here in the states with the cash from the sale. Does anybody what what the tax...
Andrew Pettit
Can I Deducting Capital Improvement on an Owner-Occupied Property
Evening,
Can my parents deduct major improvements that were made on their owner-occupied property? Their AGI is $82,000 on tax YR 2022.
Joe Threats
Private Lender for Buy and Holds
Ok so there's a property that's been rehabbed and on the market for 45k it was originally listed at 59k. I have someone thats wanting to move out of there current situation that is will to pay 800-1000 for per month f...
Brandon C.
When To Create an LLC?
Multiple sub-questions when I ask this because I get pretty confused on this topic. When and why do I need to set up an LLC (For rental investing and flipping)? Will having an LLC for 'each' property do any real justi...
Gary Baker
Tenant's father causing a caustic atmosphere in Student House
Hi BPLooking for advice on how best to handle this situation. I signed a contract with a student who is over 21. Since he moved in, his father is accusing us of doing a variety of things and has become rude in commu...
Alexa K.
FHA Loans and Not Really "Living" at the Property
I'm currently in the midst of acquiring a multi-family property and have a question regarding taking an FHA loan out but not really "living" at one of the units. See, I currently live alone with my parents and would p...
Patrick Ng
Florida: Property Deed
Hi,I have a question. My parents own a home in Florida and they want to add me to the deem and remove my dad. From the research that I have done, Quit Claim deed would be the one. My questions:1. Would I/they have to ...
Evan Molyneux
Looking into taking over the family business.
My parents own and operate a restaurant, bar, RV park and motel all under the same sole proprietorship that is in its 12th year of business. They have built a business that has become a pillar of the small community o...
Logan Jamieson
Annual gift exclusion
Hey all,Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.Due to current mortgage rates I am exploring ways of getting creative. I have the opportunity of a parent who has...
Parviz Shakeri
Tenant is moving out during the terms of the lease contract
The tenant is going to move out and suggesting someone else (their daughter) to move in for the rest of the lease contract.What is the best way for a landloard to handle this?