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I am preparing to purchase my first rental property and have a question for the community. Asking the same to my accountant and will post his answer as well.
Should I:
1) Purchase in my name using a personal bank loa...
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With the current TCJA the estate tax exemption is 11.18 million (single) and 22.26 million (married). Any estate in excess of these thresholds are taxed at 40% in CA. For example, if you are worth 20 million as a si...
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I have New tenant for which I signed a new lease on June 12, 20. At that moment, they did not have any pets and 2 days later they said they were gifted with a dog by a friend and the dog is registered as a Emotional s...
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Thanks to a family friend I have $15K to use towards my first real estate deal. I was thinking about using the money to fund a house flip to hopefully bring in a large enough profit to pay back what I borrowed and h...
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I need some real insight on this subject and look forward to hearing from everyone and anyone they can help me or point me in the direction of someone who could help... thanks again!
I have a friend who owns a condo ...
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Im sure its been covered somewhere before, but say you have a partner, can he get the loan for the property, but have both of you guys on title as owners?
Can I gift him money to put for a downpayment and still be on...
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I am looking for advice on a situation I am in. I just want to preface this that I am not gloating or bragging in any way shape or form here but seeking real advice. My parents have a second home they purchased severa...
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Hello,Many years ago, my family helped me purchase a house and gave me a portion of the downpayment. Fast forward to today and I've made a nice profit on the house. I'm currently in the process of doing a 1031 exchan...
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Newbie here. I'm just starting off my adventure so I'm here to learn for the most part.I have been listening to the Podcast A lot lately and its keep the motivational juices flowing. I just bought my first home In Bro...
So a friend of mine bought a cheaper home with the thought of renting it out some day. He gave up on that and offered to sell me the house strictly cash. We don’t have a bank involved, we’re strictly on the honor syst...