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Hello! I hope this finds you all well. I am in the process of working through a contract for my first flip deal. On the offer I submitted, I checked the boxes to be able to keep the appliances because they are nice an...
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Another thing I thought I would mention in regards to cost segs is they generally increase the amount of tangible personal property, which is really anything but real property and intangible property.The definition of...
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Just saw an article on Bloomberg alluding to changes with 1031 exchanges. The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...
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Hi All, I am a landlord in NJ and am seeking your guidance on what kind of renter insurance coverage I must make mandatory to the tenant.1) So far I have been asking for following bare miniumum coverage. Is this cover...
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tenant abandon her personal belongings and has not contacted me in months. I I tried contacting her but no luck. I live in Oklahoma and not sure what steps need to be taken.
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While I wait for my attorney to call me back, let me try here if anyone is familiar with Fannie Mae contracts.
I got an offer accepted and now are swimming through this messy process.
First of all ab...
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Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
I might be way off here but I just wanted to research this a little bit. I've done a strait 1031 for regular real estate in the past and it's worked out great. Can anyone provide advice on the following.1) Property ...
a buyer of a land deed contract sold as is payed half down rest in monthly payments take seller personal property because he said we sold as is or do seller have until the buyer pay in full to get there personal pro...
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During the writ of possession tenant expressed that they want all the items they left behind. Does that mean I have to give them 10 day or 30 days according to the PA law? see below or they have the 10 days to contact...