Philip Bourdon
Rehab for Resell - Become an Interior Decorator?
Hi.
I'm doing my research before taking on any Rehab projetcs by going to the Home Depots as well as learning all I can about costs and how things are done. BUT, here is what might seem like a "Mr Obvious" question. ...
Dan Becker
Legal/Tax Suggestions for Seller wanting to preserve step-up tax shield benefit
Hi All,I am looking for deal structure suggestions on a unique situation that involves a home held in trust.I have a seller who owns and rents out an SFR that has an FMV of $~2M. He and his wife hold it in a revocabl...
Tenneille Patterson
Hoarder House Clean-Up Options
My husband and I will close on our first investment property next week in the Fayetteville Whitewater school district! 1800 sq ft plus partially finished basement with in-ground pool on 5 acres. We are excited to ge...
Payman A.
Capital Gains/Dep Recapture If Not Above 2nd Tax Bracket
Hi all. So after looking through pages of previous posts/replies, I did not find a topic that covers my exact question so I'm submitting this one.Can someone please clarify how capital gains and depreciation recaptur...
Joey Isidore
FHA Loan (203k) "Cons & Advice"
What are the cons of doing a 203k loan as a first-time home buyer? It seems like a fair way to purchase a home in need of some TLC, where with the right guidance and expertise if you purchase this home at fair or low ...
Misty Wood
1031 Exchange - Name change
Hello, I own a % of a family farm and would like to do a 1031 exchange with my proceeds once the farm has sold. When the property is sold, it will be done in the family name and the proceeds will be distributed to ea...
Peter G.
Sale of Investment Property - Taxes
I am currently going over my potential tax deductions for 2018 and I have the following question. Does my expenses on the sale of an investment property in the settlements document goes into Schedule E or do I redu...
Kyle Spearin
Hidden Costs
What are some of the hidden costs associated with buying and flipping houses?
Timothy W.
A foreclosure was vacated by the mortgage company?
Never heard of this one before and was hoping I could help out a potential buyer of mine. She had a property where the mortgage company started foreclosure proceedings against her, but she was able to sell the proper...
Vince Campbell
Selling a house during renovation
We are renovating a house in a really popular neighborhood in Indianapolis. We have a potential buyer we've been working with for that past couple of weeks. They sent us an offer with 30 or so specific line items in 3...