I am helping a friend with a property his mother has some investment in. His mother took over the payments of the property taxes of her sister's house after her sister passed away about 30 years ago. The mother has co...
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
So I have a tenants that are moving in that are related. Specifically it’s a daughter and a mother. The daughter and mother are both on the lease but the daughter meets the income requirements alone so effectively pay...
I received this via email from my HOA
This letter shall serve to notify you that in accordance with Section 718.303(6), Florida Statutes, the Board of Directors ("Board"), at a duly noticed meeting, held on May 14th, ...
Hello everyone,My mother and I are considering our next move but do not know the best way.Properties owned:4-plex: Value $1.15 million. $530,000 owed at 4.25%, $4000 monthly payments over 15 years. Title: Mother and m...
I have a client that sold his land and would like to use his 1031 exchange to buy his mothers land. She bought it less than a year ago in September. Is there a way we can work around her paying capital gains?
My mother is near the end of her working life and wants to get rid of her 3 rental properties/duplexes. Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow wit...
For the few 2 years of my business my business partner (my mother and law) and I have always been 50/50 partners. My Wife has been helping quite a bit with paper work and other aspects of the business and my mother in...
Hello,My name is Jordis Jones and I am a Navy veteran. I am interested in purchasing my grandmother’s house. The house is paid in full and does need repairs such as garage, in which I will turn into a room, electrical...
Forwarded message:Hello Joshua,My name is Chace Marigny and I was hoping you can help point me in the right direction(s) as to eliminate any errors as I go about helping turn my mother's recently flooded inner city Lo...