Annie Bignon
Thinking of selling home yet concerned about tax burden
We have a lot of equity in our home and want to relocate. We lived in it for 1 year and then rented it for one year. After the renter we moved in again and have been living here for 18 months. My question is, can w...
Marty Gangler
1099-c on a short sale in 2012 -rental that was primary
Hello. I had a house in the suburban Chicago area for 5 years. The first 3 years it was a primary residence. Then once we decided to increase our family we bought a new house and converted the first house to a rent...
Herschel Kessler
Georgia Real Estate Agents Law
Hi all,I purchased my first two properties using a real estate agent that typically buys for out of state buyers. HE charges the buyer a commission (aside from the typical 3% that an agent receives from the seller). I...
Michael E.
Multiple Realtors
I'm currently looking for a realtor who understands the investment side of real estate, and I'm talking to 2 or 3 of them. Is it unethical or in poor taste in any way to go on a first round of tours as an "interview" ...
Sam Mathew
Tax Avoidance Strategy - 1031 Exchange & Gift It to my Child - Prove Me Wrong
Please prove this strategy wrong, but I have not been able to. I bought an investment home in Charlotte, NC (I live in FL) when my child was born (14 yrs ago) for $124k that is now worth $340k today. Because I switc...
Shalen Takaaze
Realtor Exclusivity Clause
What are your thoughts on a realtor putting in an exclusivity clause in a contract? I am a first time investor looking at out of state properties. My MIL is a realtor and she says that in her experience in Hawaii, she...
Ilya Z.
What to do with Exclusive Buyer/Tenant Brokerage Agreement in MD?
Hello Everyone,We've been looking for investment properties in Maryland for a couple of months and have talked to several RE agents and brokers. One of them (she's also a broker) showed us a few properties in Baltimor...
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Cam Smith
My mom and dad who I invest in real estate are getting a divorce best way to proceed to avoid capital gains?
Hello all, we own two rental properties in Nevada and a house in California with no mortgage. We inherited the house when my moms parents passed away back in 2008. My parents are getting a divorce and mom wants to ta...
Andy Sabisch
Quick question on using two agents
OK, we are looking at a property and contacted an agent (our usual agent was unavailable for 2 weeks) and we looked at it. Drafted up the offer using the new agent and in the contact package is the section shown here...