Cam McKewan
How to buy a home with a friend under these circumstances?
Hi, I was interested in buying a home off of my dad (but the home is also in my name too) what would the best way to do this?
The home is worth 100k and I wanted to buy it as a rental property and keep it solely in my...
Kyle Meyers
Are there any circumstances you would rent to someone with an eviction?
I have had several prospects call and let me know up front they have an eviction on their record. Is there any time that you would accept them. I have been asking them the reason and letting them know I would see if I...
Account Closed
Can Licensed Salesperon (Agent that's not Broker) Collect Commission in ANY CIrcumstances?
collect commission directly, that is, as opposed to receiving from his/her broker.so, are these allowed in your state?a few scenarios.. assume all occur in the state the professional is licensed:1- Agent lists their o...
Lewis Mclean
need short term loan on primary residence: unique circumstances. which type of lender do i use?
i need a short term loan (40k) against the equity in my primary residence. i own it free and clear. it's valued at 65k. i have no stated income. credit score 675. $0 debt. i've inquired at the banks about heloc, but h...
Andrew Varney
When *exactly* is the 2 year mark to avoid cap gains?
My wife and I closed on a Condo Jan 19, 2017. Since then, it's appreciated ~120k (Seattle market + some renovations). I've read time and again that if we are live in owners for 2 years, there isn't capital gains upon ...
Paul Vang
Refi into a Conventional - Help me understand this
Is it possible to refi from an FHA to a conventional loan? I'm into year 6 and have not reached year 7 yet. I've had a foreclosure in the past. I want to figure out how to get my second home but I'm stuck. Any ad...
Andrew Clark
Primary Residence Capital Gains Tax
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...
Oladimeji Sonibare
Is Running Ads to a Preforeclosure list Illegal?
Hey, All!
I’m starting a FB Ad Campaign to help distressed homeowners in preforeclosure and could use some unofficial advice on the law.For context, I’ll be providing actual support (showing them how to request payme...
Kay March
Schedule D Worksheet, line 15, $38,600 if single
On line 15 of the worksheet for Schedule D the taxpayer enters $38,600 if single or married filing separately or larger amounts if married or head of household. Is this a deduction from your capital gains under certai...
Mike H.
Capital gains question on sale of condo
Hello BP !wife bought a condo in NYC 15 years ago. We lived there til we had a baby and moved out to rent a 2 bedroom. We wanted to list it sooner but life and covid got in the way and are going to list it in a few ...