Dee Xixi
Do I pay tax on selling my fha home
I just sell my fha property which i own for 1 yr and six month, just wonder how much tax to pay or do i have too. I want to use the profit as down deposit on two rehab property.
Sara Lung
Realtor living in short sale house. Conflict of interest?
I am a buyer in a short sale transaction, in escrow going on 4 months waiting for the bank to accept the purchase offer. The listing agent is representing both seller and me, the buyer. Seller has long moved out an...
James Slaughter
Selling Rental Property, Tax advice?
I own a townhouse that I moved out of in December 2012, and current tenant is purchasing next month. Since I have not lived there two of the last 5 years, am I correct that I will have to pay capital gains on the dif...
David B.
Section 121 exclusion: date of sale for Lease Purchase agreement?
I converted my primary residence to rental in Dec 2014. In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...
Nick Ferguson
1031 Exchange - Mortgage Escrow Overage Check
I'm currently in the middle of my first 1031 Exchange. I've sold my relinquished property and am under contract for the replacement property. The closing for the sale was remote so I was not there and the closing/ti...
Kanwar Sodhi
Popular Rule of Thumb for closing cost?
Hello real estate professionals, do you guys have a rule of thumb for closing costs? I was thinking 5% of sale price, please advise otherwise. Thank you
John Myers
New Construction Flip In Albuquerque NM
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $173,500
Cash invested: $173,500
Sale price: $215,000
I bought this new construction home from a builder that w...
Allende Hernandez
Some questions about a potential deal
Hi guys,I've been working on a deal off my mailing campaign for about 4 months now. I believe I'm getting close to get the contract, so I need to lay the ground and plan my actions once it happens.This is a pre-forecl...
Monica Diaz
Selling an investment property, using 1031, any advise?
Hi, have a condo with enough equity to buy a single house or duplex as next investment. How do I go about? Do I contact the 1031 company?, real estate agent, or rehab first?I’m concern that I won’t have enough time t...
Mike Schorah
Do I need to wait until the inspection period is over to close?
As a buyer, do I need to wait until the inspection period is over to close?It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.Could I cl...