Javonne Gray
Need help sorting out a seller problem
Hello,My husband and I are new to wholesaling we have had a few leads come through but none that were both situationally and financially motivated. We got a call from a seller who is both but we do not know exactly ho...
Teresa Wang
1031 Exchange - investment property qualification
I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage. In Aug. 2020 to now, I tore it down and rebuilding a bigger house on the property. Since I rented it out ...
Heidi M.
1031 exchange - rules question
I have a vacation home at Lake Tahoe that I do not utilize often. I would like to sell and purchase another unit in the same area and was hoping I could do a 1031 exchange. Current property I do not rent due to the H...
Buddy Holmes
1031 Property exit strategy
We had a 1031 exchange property which was a new construction rental for about 14 months, then we used as a residence for two years. We sold it at just under 4 years with the idea of a residence sale after living in it...
Rebecca Roddy
Great deal on Texas foreclosure properties
Foreclosure Listing Service, Inc has some great deals on Texas foreclosures for the upcoming December auction that is held every First Tuesday of the month in Texas. The next auction will be held on December 1st. Brin...
Armand Farr
Tax filings with properties in and out of LLCs in Houston, TX
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...
Willie Black
Husband passed away wife is not on the deed
The husband passed away spouse is not on deed of the house . The Wife would like to sell the house. He did not have a will can she sale it or do she need to go through probate first . Could she use a small claim affi...
David Jesse
Florida homestead legal question
As I understand there are two different kinds of homesteads in Florida.One would be having your main residence safe from lawsuits, and another would be related would be related to property tax savings.If a house has a...
O'brian R.
Still "Community property" for CA couple purchasing out of state?
As I understand it, since CA is a community property state, any property purchased once married is considered to be owned by both spouses. Though I'm curious about the case when buying a property in a non-community pr...
Steve Preston
Terminology - Tax Sale vs Court House Steps
Does the phrase "I have bought most of my properties on the Court House Steps" basically mean that the properties where bought at a County Tax Sale?A lot of the Counties dates between tax sales are at least a few mont...