Edwin Ro
1031 and Quit Claim Question
I did a 1031 last year from rental to rental to defer taxes and to invest in a better location. Based on TurboTax, if I sell, I owe about $40k due to depreciation recapture. Hypothetical: what if I quit claim it to a ...
Cameron Moore
Should you file a claim?
Many people mistake insurance for being anything but a safety net. I often see clients filing claims ANYTIME there is damage to a vehicle or a home they have. The issue with that is, they do not stop to see how much t...
Jacqueline Christina Johnson
Quit Claim Deeds and Refinancing
New to the area of RE. So please bear with me. We live in California and our family friend is an Agent selling a home in California. The buyer is currently backing out of the deal due to the COVID019 Pandemic and the...
Abhinay Dutta
Title claim for unreported easement
Hello BP community.I've brought a piece of land in Mclennan county, next to a small lake with intention to build a RV park. In recent conversation with county engineer, they brought up an easement on this land to NRCS...
Wade Fiegl
fire insurance claim and taxes
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
Ryan Flake
Help with quit claim process
Hello,
A few years ago, I needed my father to co-sign on a mortgage with me to buy my first home. We decided he would just buy the house instead and I would pay in an unofficial mortgage each month. I moved out of th...
Josh Edelson
Insurance Payout - Claim as income?
I had a fire at one of my houses. Insurance paid me $30k and it will cost $30k in repairs. Do I need to claim $30k in income AND $30k expenses? Can I JUST claim the expenses? Can I just not claim either since it's a w...
David Hanson
Quit claim notarization in Georgia
An uncle of mine sold a piece of property in 2012 for $1 via a quit claim deed. I researched and got a copy of the quit claim deed. My questions: The deed is notarized on a separate sheet of paper. Is this legal? My...
Greg Levi
tax deeds and quit claims
After winning a tax deed from the auction is a "quit claim" always required if wanting to sell home quick? Also does previous owner have to sign as well?
Enyi Ajoku
Discrimination Claim Made Against Me
Hello Everyone,I recently had an apartment put up for rent and have been going through the process of looking at potential tenants. I got a lady who came to look at the apartment. She kept on talking about how she lov...