My parents purchased a property back in 1994, which they used as their primary residence until around 2012, then started renting it out. They'd like to move back into the home and live there for 2 years before selling...
I have properties in Florida but live out of state. If I use a realtor to find a tenant the standard MLS form section 6c seems to say that an additional fee (e.g., one months rent) is due to realtor if the tenant ren...
The Department of Housing and Urban Development (HUD) issued new guidance on April 4th, 2016 that is going to require all single-family and multifamily rental professionals to revisit their policies.In a decision that...
Hello,If I own 25% of a house that has $1,500,000 capital gains (i.e. bought for $500,000, sold for $1,500,000, my portion of the gains is $375,000), how does the home sale tax exclusion work? Does the $500,000 exclus...
I cold emailed a "cash buyer" in a Facebook group last night about a property I have under contract that I am looking to wholesale. He sent back a very short email that said "Can I send a non-exclusive option to mark...
Hi Everyone, Happy Holidays!In this article about "Taxes when converting your rental to primary" - https://www.nolo.com/legal-encyclopedia/taxes-when-you-convert-your-rental-property-your-personal-residence.html, it m...
Hi,
I am curious if there are any well-informed accountants or investors who can help me answer a question.
I bought a house with the intention of fixing it up and moving my family into it. It took me ...
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First post ever on BP. Go easy on me... Two existing owners of a duplex are willing to sell at the same time in an off-market transaction. It's a rundown old property on begging to be turned into townhomes, as is happ...