Question for a CPA out there.. I have a client who bought land in March 2022. She then bought and put a mobile home on the property in July 2022. Can she sell in March and avoid capital gains tax? Or since the mort...
I'm actually a banker and had a trust attorney stump me yesterday. He asked why banks do not lend anymore to irrevocable trusts and I knew the answer was "no" (at least at the ones I've worked for) but didn't really k...
So after reading "The book on investing in real estate with no and low money down" (thanks Brandon) I learned that the 203k loan is a part of the FHA family. Now I am aware that you can only have one FHA loan at a ti...
We are putting an offer on a NNN and seller insists on deposit without loan contingency. We have seen few deals already and never seller insisted that the deposit be without loan contingency.How common is it? We are v...
Hello,If I am in an FHA Loan now but plan on refinancing to a Conventional Loan...can I use FHA again after this is done?Thanks,Steve
What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
Here's a VA Supreme Court decision I found interesting and thought some of you might also. It goes to show why I doubt title insurance can ever be eliminated based on a blockchain type software program.In the case of...
Good Afternoon, I am an Active Duty military member stationed in Tucson,AZ. I would like to utilize the FHA loan to secure my first house hack. I would like to purchase a duplex. I know I would have to live in the pro...