Guy's I'm looking to get some more information on how 1-4 unit multi-family properties are appraised. The primary reason I'm asking is because for my buy and hold strategy I'd like use hard money loans to buy distress...
Hi! I have a 5% investment with my parents in a commercial property. I was wondering what the tax implications would be if they were to buy me out? I was hoping to use that money and some of my savings to purchase a h...
I'm an owner of a 2 family, non-owner occupied residential property.
This property is co-owned with my mother. The deed is 75% my mother, 25% myself, with a Right of Sole Survivorship.
We are now planning to sell sa...
Hey all - Looking for some friendly advice. About to sign on offer letter on a small multi-family investment property in New Jersey. I have explored the use of a 50/50 partnership with a good friend of mine who will l...
I’m in a situation where my in-laws and I have agreed to split profits upon the sale of their house in Orange County, California. I would put in the rehab money to renovate their house. And upon the sale of the house...
Can you do a partial 1031 and pay taxes on the portion that is not used?
We have a SoCal condo in an LLC that's valued at $500k. We owe $85k. That would leave us $415k profit. Could we take $270k to buy one rental...
Looking for some help from folks who have been through short sales in non-recourse states.
Here's the scenario:
- The subject property was purchased as a primary residence in North Carolina back in 2008. There's is...
I am thinking about buying a fourplex with partners in an LLC and living in one of the units as my primary residence. When we go to sell it will I have to pay capital gains tax. I have herd conflicting stories.
When you buy a house in auction, who is paying the current year taxes? I purchased a home at auction in October, will I be responsible to pay taxes for the entire year or just prorated starting OctoberPlease Help!!!
Hello Everyone, After years of researching and finally convincing my wife to join in. We have found a property that we would like to buy and flip. The property that we are looking to purchase is currently a 556 sqft, ...