Thomas Hart
Primary residence exemption on two properties
So the situation is my wife and I both owned houses before we got married and I believe we both would meet for two out of the last five year resident test. Can we both use 250 K exemption on our individual properties ...
Michael King
Stimulus Check / Economic Impact Payment
I just received an EIP visa card with a lot more money than I think I'm entitled to. Our combined earnings in my household was a very healthy 6 figures last year; I thought the stimulus money was for those whose incom...
Kevin McGinnis
Tenant Screeing: Background Checks
I'm getting ready to start year 2 as a landlord. Year 1 went great, but tenants are moving out at end of month, so I'm in the process of showing my rental house, and getting lots of interest.Here's my question: based ...
Vatche Baharian
Title question on vacant lot in Arizona
Hello All,I'm a land flipper and I'm looking at purchasing two adjacent lots in Arizona. I did some research on the title and it looks like there is an issue. Back in 1995 the lots were conveyed to a married couple vi...
Samantha Kincaid
W2 income is 150k+, will passive losses carry forward?
Our W2 income is 150k+, will passive losses carry forward for future use when W2 income is lower?
Eric Martin
First Live-In Flip Completed! How'd I do?
I'm excited to share the before and after photos of my latest real estate flip! I purchased the property off-market from my employer, Rapid Fire Investments (a regional wholesaling company) at a discounted price of ju...
Anthony Faillace Jr
2 out of 5 year rental capital gains question
Here is the situation I am in and I am trying to find out how to avoid capital gains, if possible. My wife and I purchase a home as our primary residence in November 2009. It was our primary residence up until May 31s...
Mike B.
Newbie - First Ever Tenant Screening
I found my first tenant and everything seemed fine. I went over the requirements with her. Gross income three times rent, Credit score greater than 600, etc... All is good she says. During the showing she mentioned he...
Angelo R.
Higher security deposit for more tenants
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
Pedro Echevarria
What happens if you get married
What happens if I have a FHA loan and marry someone with an FHA loan? I understand you can only have 1 FHA loan but what happens when you and your spouse become one(join accounts) ?