My wife and I are currently looking a potential deal on a duplex in Pottstown, PA as our first ever investment property. My question pertains to the the borough's requirement for the landlord to be a resident of the b...
Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?I hav...
In 2021 I bought a 4 unit property as my first investment property. Code enforcement is now telling me I only have a 3 unit property, so I have to kick my tenant out of the newly upgraded unit. I got a loan on the p...
Found a property that has a child support lein on it. He is selling it to me for 10k over what he owes it was passed down to him and his brother after their mom passed mortage is still under mom's name I was told...
If you are planning on moving and need to do improvements to your home to make it rentable prior to moving, what are the tax implications? For instance, if you need to paint exterior, replace floors. . . Are you abl...
I felt the need to put this deal out there for everyone's benefit. Any and all opinions are welcome. Bought an off market turn key house with 140K equity, its just very dated so it needs about 50K of work to flip. Pla...
I have a friend who just sold a property and owes 100K in capital gains. He sold due to deployment for the military. He did not buy the property as an investment and he did not live there more than 2 years. He was ...
Hey guys-
I wanted to check if i have any recourse in my current situation. We were staying in an apartment and decided to extend our lease by 30 days. We signed the lease and sent in notice 30 days prior to end of...
Any insite or information on what a 1031 exchange is. Or is there some site I can just go to and get the info? I know this sounds lame but I just heard about it today and didn't really go and search the web yet. Been ...
A tad off-topic from real estate, but I'm sure it pertains in some ways.....
I'm purchasing a life settlement with a significant return and I'm wondering how I can avoid taxes on the death benefit as much as possible...