Account Closed
Title transfer to child and capital gains tax question
I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)Now the property is worth about 70K. I would like to transfer the title to my daughter...
Gerald Marshall
Capital Gains Question.
We are selling a property that still in my wife's former married name, and looking to turn around and reinvest it in a new piece of property under an LLC. Is there a way to get around the "same name" rule of the 1031...
Angelo Aguirre
Primary home for 7 years converted into a rental.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $165,000
Cash invested: $20,000
This was our primary home for 7 years. We just closed on a new primary (June 2020) ...
Lucas Machado
How Can I Handle Out-Of-Market / National Motivated Seller Leads?
Hello BP Community,Currently, I am generating approximately 10 to 20 out-of-market motivated real estate seller leads per week (truly motivated - as they directly reach out me via website). Mixture of houses, condos, ...
Cameron Leckliter
Agents Exclusivity Agreement
I recently had an agent that I know over to talk about investment properties ect. I was really just looking to see what all he knew investment wise and if he'd be an agent I'd want to use if he knew his stuff.Well he'...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
Kim Handelman
HUD
Hi All, I found a good wholesale deal but the statement says "Is subject to HUD guidelines 24 CFR 206.125". What does this mean? Is this a house that can be wholesaled to a flipper?
Mike H.
Capital gains question on sale of condo
Hello BP !wife bought a condo in NYC 15 years ago. We lived there til we had a baby and moved out to rent a 2 bedroom. We wanted to list it sooner but life and covid got in the way and are going to list it in a few ...
Agustin Conti
MEDIATION with Insurance Company?
Hi, I put a claim on old cast iron pipes that went bad with the insurance company on a rental property and my claim was denied. I have need told by the insurance agent that I can request a mediation, to see if we coul...
Christopher D.
Leasehold Improvement Exchange
Hi BP community,I own a condo/townhouse in a San Diego beach town that has appreciated significantly since I bought it in early 2013. I would like to cash out the significant amount of equity in it to remodel my prim...