Janell E.
Divide parcel with 2 houses and cash out refi or other options
I bought 2 houses on a single parcel of 1 acre lot for $85,900 1 month ago. Rehab is finishing up and they're about to be ready for renting out at $850 and $1000. I put about $30,000 into rehab total. Estimated ARV fo...
Melissa Knox
Tax law on dividing losses on a 50/50 business after closing
We have had a restaurant for 20 yrs and closed last Jan 2016. Our partner has not been active with the business in 17yrs except for taking gains and losses on his half. My husband and I paid for all the expenses for ...
Jeremiah Lee
What type of loan to sub divide acre lot into separate parcels?
I currently have a house on a one acre lot in San Luis Obispo, CA County that i'm interested in dividing into five separate parcels(4 empty parcels 6,000-7,000 sq feet & 1 parcel with the existing house). My goal...
Hozona B.
House inherited 50 & 50 but will divide equal with 7 sibling
My wife & her sister were willed a home 50 & 50 in Statesville,NC. We live in NJ.The home is big 6 bdrms 2.5 bh ranch on double lot, mother & daughter 2100 sqft. The good thing is, we have a great tenant w...
Christian Ferreira
Do you pay Capital Gains Tax on Sale of Sub-Divide Land
Hello Everyone,I recently purchased a property that has land with enough frontage on a side street to legally sub-divide into a build-able lot. Still deciding if I want to build something or just sell the lot. My ques...
CL Ziegler
$500,000 cash on hand; Do I buy outright or divide and borrow?
I am weighing whether or not it's best to, say, buy five 100K properties outright......or pay 50K down on ten properties since credit's fine and borrowing is not a problem.Anyone got advice for me on this?Of course, i...
Alethea Sealy
How are profits divided from a property sale in a LLC partnership
Hi, I have a discussion. So, I have a new partnership LLC. We started it with a loan for lets say. We bought a property to flip. We bought it for $25,000 and put in $8000 to renovate and sold it for it for $90,000. We...
Bryan Doan
Split/Divide a lot of land into two--Lynnwood/Bothell (Snoho Co)
Hi everyone,I've been researching a procedure to divide a lot (a parcel) into two. There is currently a ~2000 sqf house on the lot of .34 acres. (~14800 sqf). The zoning code is R-9600/UGA and future land use is ULD...
Alex Place
Renting with no security deposit or dividing the security deposit into rent
I own a few rental properties and had a question that I wanted to run by you all. My wife and I own a small real estate investment company and while our goal is to make a living off this company, we don't want to do i...
Nate Downs
Buying a house and want to sub divide land into two lots
Hello, I am currently looking at another property to buy and it has a half acre of land in town. I will more than likely buy and hold to rent the house and would like to sell part of the land as a separate lot. Can...