Dallas Jacobsen
Capital Gains Exceeds $500k - primary residence
Hello,We are selling our primary residence after living there for 10 years, and will gain nearly $1M (purchased $390k, sold for $1.375M). We are immediately buying another house for $1.2M. As a married couple, we ge...
Neil Martinez
Distribute or Rollover?
I'm just starting to invest in real estate and am wondering if I should just take the 23K to roll into a self-directed IRA or the +18K and use to fund my LLC for real estate after tax withholding? I'm finding that pu...
John Fakish
Kitchen added in basement, no permits
Hey All - Super n00b here.
We remodeled our basement and added a kitchen. There was plumbing and electrical that was added. There was also a washer and dryer added upstairs. We then added a wall to close off the wat...
Brian Osgood
Short sale done, received letter from attorney
Hello all,
So I'm looking for some advice here. My house was sold as a short sale, we closed on 11/4/09 and there was a first (Washington Mutual, now Chase) and second (Citimortgage) lienholder involved. I recently...
Maugno M.
Setting up LLC'S. How should wife be involved ?
I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...
Pete Sloa
HELP!! Bought 2nd mortgage on Judicial sale in Illinois, Cook ct
So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...