Michael King
Is broker information required on car magnets?
Hi everyone!I am a licensed real estate agent in Massachusetts. I am pretty sure I know the answer to this question, but signs and advertisements require that we list our brokers information somewhere on the sign. An ...
Troy P.
RE Professional Status for Spouse
Hi all,
I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE profes...
John Underwood
New law makes wholesaling illegal is SC
The new law the SC Governor just signed makes wholesaling illegal.It has 3 parts.1. It defines wholesaling2. It says you must have a license to wholesale.3. It says a licensed realtor can't wholesale.No attorney is go...
Kon Zel
Help Interpreting 1031 Rule Changes
Just saw an article on Bloomberg alluding to changes with 1031 exchanges. The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...
Tom Patel
Tax consequences for deed in lieu.
What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , N...
Account Closed
I can use the local realestate contract
I finally called a real estate attorney just now to hire to do the paperwork and closing for me when I sell my house in January. He talked of papers, and said I CAN use the Arizona realtors form, to just go through it...
David Weskamp
LLC's-Transferring properties from personal to LLC
All,
I am in the process of creating LLCs for my properties in Idaho an Arkansas (I live in Idaho).
The properties I own are in my personal name. I own a few free and clear and a few with mortgages.
My question is,...
Evan Zelkovich
Help with finding motivated sellers
I have recently started my journey in real estate investment. My plan is to use creative financing to build a portfolio of BRRRR properties. What methods do you find work best to find motivated sellers?
Jeremy Taylor
Buying a REO from a wholesaler
I’m purchasing a REO investment property from a wholesaler. The contract is not assignable and he is suggesting we do a quit claim deed at closing. Is anyone out there familiar with this process that would be willing ...
Horacio Gutierrez
Children under age of 18 inherts rental property in trust
Hello,Say a kid under the age of 18 inherits a rental property which has been placed under a trust and parents choose a custodian to manage the rental property. The rental property still has mortgage. The custodian ...