Donald S.
Real Consequences of breaking lease?
Hi all, I'll be closing my first rental soon and wanted some clarification. If a tenant moves out, with or without notification, prior to their lease being over what consequences do they really face? What can I do to ...
David M.
tax consequences of depreciation recapture
I wanted to ask the forum for their two cents on depreciation recapture for residential property, I believe its formally section 1250. If you follow the straight line depreciation for 27.5 years and no accelerated de...
David F.
Rent to Own Tax Consequences
I understand that the RTO options payment portion isn't reported income for the seller and is thusly tax-free. Is that the case for a scenario where 100% of the monthly payment is credited to the buyer as equity (no ...
Alyssa Paros
Consequences of a New Job
Hi there! My name Alyssa Paros. My husband and I are currently saving to start investing in our first property, hopefully sometime this summer.
We both have full time jobs and make a decent income, he as a mechanical ...
Account Closed
1031 title question, tax consequences?
Have a property in NY with substantial cap gains that I am looking to 1031 and it is in my name. I would like to change title to LLC instead of my name and was interested in knowing the consequences of doing this bef...
William Johnson
Unused Insurance Claim Tax Consequence
A rental property suffered damage in a wind storm. An insurance claim was submitted and a settlement was made. Repairs were made with a portion of the money. There was no change in the value of the property.
How i...
Nolan Gottlieb
Consequences for breach of contract?
What are my realistic options for a buyer backing out of a contract a day before closing? Lawsuit? There's no EM.
Craig Steltz
Consequence of capital gains tax
All,
Other than having to pay tax on your capital gains are there any other consequences? Can it raise your tax bracket. or have ony other impact?
If you make $1,000,000 and then pay your tax bracket amount say 25%...
Daniel B.
Consequences of Banks owning properties?
Hi,
I was wondering if anyone knows the answer to this?
What are the consequences of banks foreclosing on a house and then just holding on to it? The reason I ask is I am looking into bidding on a bank owned prop...
Gordon Burwell
Family equity pitfalls and consequences?
Hello all, I have a family member that has a decent property 4bd 2b 2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+. Now the property is free and cle...