Lonell Slaughter
how do you subject 2 a property when the owner has passed?
Hello recently my great aunt passed about a month ago and now I wanna subject 2 it just to keep it in the family and to own my first house. My question is who would inherit the house? My aunt wasn't Married or didn't ...
Kamran Rahman
Converting house hacked rental into a proper rental
Hi all,I am posting about my first rental property that I have had for a couple years I want to plan my strategy for converting my current househacked rental, into a rental. Currently I live in one room, and rent out...
Keith Mitchell
Can an HOA prohibit a short-term vacation rental?
I have a home in a HOA that is Useless on a good day! Here is the Language as it is written in the CC&R
Section 1.1. Rental or Lease of Lots. It is the intent of this section to protect, enhance andmaintain the ...
Leah Cooper
Tax Liens and Short Sales
Hi all,I've been reading about tax liens and short sales. An article suggested that this was a good way to obtain property at a low price. However, most of the articles I'm finding are giving me a bit too much info, a...
David Roberts
Brrrr, Househacking, and taxes Oh my
Hi BP,
I'm an aspiring REI from Columbus, OH preparing to make my first deal and this is my first post :)
I've owner occupied a SFH in a high-appreciating neighborhood of Columbus for the last 6 years (Clintonville)....
Lawrence L.
House hacking my CPA says don't claim rental income
I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
Colin Williams
Capital Gains When Seller Financing
In this example, I'm wondering how Capital Gains affects the seller.
Let's say I sell a duplex for $1,360,000. The buyer pays $650,000 down and I finance the difference to the buyer. Will I be hit with gains against...
Mike H.
Buying a single family from family member. Mortgage is paid off.
Hi All!This is my first post since, after scouring BP, I haven't found a situation similar to what I'm trying to accomplish and I hope to read some creative ideas! I'm purchasing a single family home from a relative i...
Brandon Phillips
Primary to Rental 1031 Exchange
My condo is my primary residence. I have lived in it for one year. If I wanted to 1031 exchange it it needs to be an investment property. If i move out and say live with my sister, and rent out my condo to tenants, ho...
Bill Exeter
IRS to Issue FAQ's on 1031 Exchange Extensions
FAQ Coming on Like-Kind Exchange Extensions
Posted on Apr. 15, 2020
The IRS is putting together a FAQ that will clarify the recently announced extension of deadlines for completing like-kind exchange transactions.
...