Animesh Das
Documents needed for ”2 out of 5 years” home sales tax exclusion
Hello,
I sold my condo last week. I lived in that condo from 2012-2017. So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.
I was wondering what documents do ...
Susan Tan
What is process of cash refinance on a rental property?
As a beginner, I successfully completed my first cash refi on a paid-off 2bed/1bath condo rental property in Cincinnati, OH. In other words, I get a lump sum cash in return for lower yearly cash flow on a rental prope...
Melissa Bogle
Is anyone familiar with Verticalrent.com?
We are brand new to the landlord business and will be purchasing our first house in a few weeks. I am looking for an electronic screening, application, contract and rent collection system. Vertical Rent looks pretty...
Janice Ingle
Overwhelming forms
Am I just to new and these forms are standard? I look at the applications and WOW and I shocked.....or am I reading to much into the process? Every place I get info from wants the "Uniform Residential Loan Applic...
Joanne Potros
Robinhood investing = $217k IRS tax bill?
I invested some money into stocks and some crypto over the past few years. I noticed that robinhood reports much higher numbers than actual purchases to the IRS. I've never actually sold anything at much of a profit e...
Christine Luong
Auction.com
Looking at a commercial property on auction.com and thinking of registering to bid? Tips? Anyone? Never done auction.com before.
I'm a newbie here and I own a commercial property wherein financing was through the bank...
Account Closed
Simple Noob ? about property sale history
Hi guys, I am new to all this and am analyzing deals just for experience purposes. The following is not for an offer but just for me to learn. I found this property listed for foreclosure at $148,000 but it appears th...
Tom Kelly
Using a false LLC to buy and flip properties
Earlier this year I almost entered into an LLC with partners. A tax ID was established, an LLC was established in Florida and that was it. The partners could not agree on terms. I never signed a document nor invested...
Kin Hei Lam
Is this a Scam?
HiI recently saw a property on zillow. It is listed as for sale by owner and the asking price is well below the market value of the home. I sent the owner a message and yesterday, got a reply from someone in London cl...
Aujha Taylor
Closing a Virtual Deal
Looking to complete a wholesale deal by assignment of contract. How have you completed a deal 100% virtually?