A CPA (QI) told me you can roll a 1/2 interest in real estate if the partner doesn't. How does that work? The replacement property would only have to be 1/2 of the sales property amount of the relinquished property?...
When you sell a property and do a 1031 exchange to defer the capital gains, does the new property you buy restart the entire 27.5 year cycle all over again?
I know the capital gains follows you but can you continue t...
Question for the experienced npl / npn / nonperforming buyers.We purchased a note that is 5+ year delinquent with significant delinquent property taxes. The county requires 25% down to start a tax payment. Due to this...
You are investing in real estate. You are going, or should, understand the difference between these two concepts. Collection defense and debt relief are better known or understood as asset protection and bankruptcy. T...
I have an interesting situation and my accountant is working to figure it out, but I would like to see if anyone has had experience or has insight they can help with. I have 2 contracts with one lender. They had 1031 ...
Hello Folks, was curious to see what the tax consequences are if you have an investment property foreclosed.
Are you taxed the following year on the full amount of the debt? Are you taxed on the differential between...
A new Tenant had moved in to my rental, once the Lease was signed they had said. "BTW did I mention I'm filing Bankruptcy next month?" Is this going to effect the rent rate there paying now? Are they going to pay rent...
I pulled this statement off of this forum: "Also, a little known fact, is the lender could actually report to the credit bureau's as the loan being paid for less or settled for less. If a lender reports the loan on yo...
I was to purchase a condo in Washington DC this month. I had a pre-occupancy contract which expired the day before the FHA certification and financing. The contract ended as it was to be the settlement. The sett...
Is it game over at that point if a loan becomes unsecured or is there any steps at that point as a lien holder to pursue the debt? Can you hire an attorney or hire a debt collector?