J Campbell
Best way for my mom to transfer her house to me
Not sure what fortum to post this is so just dropping it here....just had the wonderful (sarcasm) discussion of how my elderly mom can best pass her house to her children when she passes. :(so im looking for info to...
Francisco Feliz
Help! How do we fix this floor stain job by tomorrow morning?!
Hey everyone,I'm turning to this great resource that I've learned so much from over the past year for a real-life situation. The images below show a floor stain job that was done yesterday (Wednesday). No poly has bee...
Jennie Chen
2 properties went into 1031 exchange, basis for leftover fund
I sold 2 properties going into a 1031 exchange. it looks like i might have some leftover funds that will be unused and taxed on capital gain. my questions are:1) do i have a choice which property's proceed that exces...
Lois S.
Calif tenant vacates leaving dirty walls/ceilings
3-yr tenant left very dirty walls, and ceilings(!). If cleaning isn't effective , can I charge for painting to restore to move-in condition? Even tho painting was done over 5 yrs ago, the place was pristine at move...
Caleb Heimsoth
Accidental Value-Add Deal in Cleveland.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $35,000
Cash invested: $11,500
Sale price: $46,000
2 bedroom, 1 bath half-duplex on west side of cleveland. Up...
Chris McKinley
Lessons learned: Courtesy of the PROPERTY TAX CODE
I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...
Ibrahim Hughes
1/2 Owner Won't Cooperate
Hi All. I'm working a deal where 1/2 owner (an elderly woman whose affairs are being handled by her nephew) is willing to sell while the other owner (heirs of the deceased 1/2 owner) refuse to cooperate.
They tried t...
Richard Andrade
LLC Cash Out Refi Tax Question
Hello! I have a scenario, I wonder if someone with tax skills can help me figure out. Here's the hypothetical:An LLC with 2 members owns $2 million in fully-paid residential real estate assets. No mortgages. The LLC w...
Tanya Maslach
Who buys homes through Auction?
Hi all!I found a deal through auction (3/3 1427 sf, Colorado) - $177K.I wondered if anyone had purchased this way before, and what landmines should I be aware of?Thank you!T
John Hyre
Wholesaling in retirement accounts not legit
Carl Fischer had reminded me of an article I wrote two years ago. The gist: Wholesale deals in retirement accounts will get crushed by the IRS once they get around to auditing them.The Mazzei Roth IRA Case – An End ...