George P.
Primary residence -> Rental -- capital gain issues?
Hi forum!!
Just to make sure I understand the process...
If the property has been a primary residence for 5 years (purchased for 100, now worth 210), and then becomes a rental FRBO for another 5 years with say no chan...
Michael Herr
Non-Recourse IRA Loans
looking to purchase long term buy and hold in self directed IRA (roth).
Asking: 30k
Purchase:20k
10k in rehab, ARV 50k. Rents for $800/month.
I don't t have an offer, because I'm not yet se...
Eric F.
Seller's father in nursing home on Medicaid, best way to handle
I am under contract to purchase a house. I have been dealing with it for 3 months. I have only dealt with the seller's son.The story is the father is on Medicaid and in a nursing home. When we wrote out the contract (...
Aaron Adams
Can I hire my own C-corp to manage a property I personally own?
Hi Everyone,My wife and I just incorporated and are still getting everything established for the corporation. After much research, we went with a C-corp over an S-corp. Anyway, my wife owns a home in New Mexico (we l...
Michael Wagner
Can a landlord ask a tenant to vacate without cause?
I am currently in the process of closing on my first property, a duplex that has both units rented through the End of April. Working with my lender and looking at my financing options available it appears my best opt...
Chris Allen
UTMA vs 529 vs ?
Hi all, I wanted to get some specific advice as I am planning for my sons (and future children's) future, and am trying to decide on what type of account to open for my son to start investing
I originally was drawn t...
Shamsul Chowdhury
I bought a NY rental with Arizona LLC, now told that i cant evict
Property is owned by an Arizona LLC, property is in NY. I need to evict a tenant, now am told by attorney that i cannot do legal proceeding with an arizona LLC owning that property. Experts on this matter, please help...
Jeremy Keefer
HOA Leins survive a public trustee forclosure sale
We bought a condo at the Public Trustee auction. The condo was listed for sale a couple months ago, but it never sold. The listing agent told me it had a $7000.00 HOA lein. I know every state is different, does anyone...
Jim Bentley
Handling SDIRA in a divorce
Does anybody know how a SD IRA which is invested in an LLC that owns several rental properties is handled in case of a divorce?Asking for a friend...
Patrick Britton
Why into foreclosure if owner paid cash?
Hi folks, I just want to make sure I'm understanding this particular situation correctly:so here's the scoop. I found a property in foreclosure, non owner occupied, the owner paid CASH for it back in 2007, $1.1 millio...