I read that we have to prove that the house is owner occupied for 2 of the 5 years before the sale to avoid capital gains tax. How do we prove that? What evidence we have to provide to IRS? And if we are not eligible ...

[note: I posted tis in the regular foreclosures forum but i realzie its more of I short sale question so Im postin git here too.]

Hi
I'm just getting into this and trying to clarify the basic cash flow patterns of th...

If you know going in that the time on market could be as long as 4 months before you get a buyer, what are the odds that the bank could come back with an approval letter and want you to close before you have a buyer? ...

I regularly flip houses, and consider it my business for tax purposes. Thus, I pay income tax, as well as self employment tax on my gains. I am planning to sell my personal residence, most likely with a profit, and wo...

I've read about wholesaling. Could somebody please tell me, 1. where do you find properties to wholesale? 2. Most of the time, a motivated seller would have mortgage or some sort of lien on the property. 3.How...

Our family here in the Kansas City metro just formed an LLC to purchase a vacation rental property (3BR, 3BA condo) in a Colorado resort area. For at least the immediate term, we will continue using the incumbent prop...

I am wondering if anyone work or live near downtown Seattle would be interested in having lunch or coffee together and talk about RE? It would be really casual, just to network and make friends.I love those meetups we...

If you have a third party managing / overseeing construction, CapEx improvements, larger repairs, etc. what is the fee (%?) you pay them for this oversight / management? Are there variables based on scope, cost, durat...

So a tenant is very interested on renting but wants his company name to be on the lease for tax purposes etc. Is it OK if his background check comes out ok? Can I put his personal name + business name if it works out ...

Hello, I'm seeking a mortgage on a property that was purchased in a recent sheriff sale, property located in Union City, NJ.I've been assured that that are local banks that will underwrite mortgages even on the basis ...