Marcus Brown
Does the primary residence tax exemption apply to mobile homes?
Let's say I buy land and put a mobile home on it and live there 2 years, then sell for a profit. If the mobile home is considered personal property would the profits be taxed?
Donny B Robinson
Certificate for vacant commercial property, cand I take possessio
We just got our tax certificate back (Birmingham, Alabama). The commercial property (building) has been vacant according to the business owner next door for nearly 1 year. The power and all other utilities are off, gr...
Sarah Hill
Improvement Exchange to Pay Cash?
First time 1031 Exchange user. Hoping to do an improvement exchange. I've got $230K in equity from my relinquished property to spend. And a target property that I think I could get if I offer $160K cash. Is this all O...
Brian Kraft
Rental Applicant Going Through Divorce a Negative?
Hello! I have a few fairly solid applicants for one of my units, but one I'm slightly leaning towards. However, she said she's going through a divorce (it would just be her renting) and I started to wonder if that cou...
Bryan Leon
Can I 1031 sales proceeds for new build on already owned lot?
I'm selling an investment property and want to know if the proceeds can be used towards a new build on an empty lot I already own. Does this type of procedure qualify for the capital gains exemption?
Anthony Dupre
Seeking Advice on Asset Protection for Out-of-State Real Estate Investments
Hi,
My wife and I are starting our journey into real estate investment. While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pen...
Mike Stone
understanding form 8288 when buying from a foreign entity
We just bought a US condo from a canadian person. (we are a multi member LLC). I believe we were told during closing that we would not have to worry about withholding taxes on his behalf.now im getting an IRS request...
Jeff Mitchell
Deprecation never taken and can't claim rental losses
Hello,
I am asking this question for a co-worker. He bought a rental property 15 years ago and has never taken depreciation on that property. Not clear on the reason for not taking it, I think he just had a bad accou...
Ruth Bayang
HOA Super Lien
Washington is a Super Lien state? I just heard this.Can HOAs lien and foreclose on unpaid dues ahead of the first mortgage holder?Please school me on this.Has anyone here on BP acquired a property by buying off an HOA...
Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...