JC K.
Property Management Software with Lending Features
Hi! I am looking for an affordable property management software that will also help me manage loans made to others. I have a few owner financed real estate deals I’d like to track efficiently while also managing ren...
Shannon Watson
1031 exchange - can I purchase my husband's principal residence?
We live in Utah.Married in 2013. File our taxes as "Married-filing-jointly".We own several rental properties, each solely under either my name, or my husband's name.We live in a house which my husband bought and has l...
Cam Smith
My mom and dad who I invest in real estate are getting a divorce best way to proceed to avoid capital gains?
Hello all, we own two rental properties in Nevada and a house in California with no mortgage. We inherited the house when my moms parents passed away back in 2008. My parents are getting a divorce and mom wants to ta...
Galen Dawes
Small Claims Court for Earnest Money
I wanted to know how I should go about filing a claim against a particular LLC located in Lebanon, GA which all I have is a Po Box. I'm located in DeKalb County in Stone Mountain, GA. Do I need to find a company to ...
Menalik Archer
Should I file a notice of interest aka memorandum of interest?
I invested over $90k in two rehab projects with a partner. I'm acting as the silent cash investor but with my rehab experience I've put in my two cents and called some of my contacts to work on the house. The first ho...
Jane Mipsey
Amount of mortgage "responsible for" for property with joint tenancy with partner
Hello, I had a tax question -- my partner and I bought a primary residence last year -- we are not married therefore, are filing taxes separately. In filing taxes, there is a how much mortage are you "responsible for...
CJ S.
Selling former 20+ year residence after conversion to rental
We are considering converting our residence we have owned over 20 years to a rental. Would that forever eliminate the opportunity to take the capital gains exclusion if we sell in the future? Does the number of years ...
Anthony Angotti
1997 Taxpayer Relief Act
Hello,
I have a question about the sale of a property and the principal residence exclusion principle of the TaxpayerRelief Act of 1997. How does this apply to someone living in a four unit or less property and has b...
Skylar Howard
Why the banks need to take shortsales.
Here is another email I received from the local SS group:
Here is a great Article which you should print out and give to the BPO Agent and/or Appraiser when they meet you at the house to get the value.
This Article ...
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...