Hello All! First time poster here.I put in an offer on a short sale property with two mortgage companies involved. I am a first time home buyer and am a total novice when it comes to short sales. A negotiator is in...
I'm thinking of selling a commercial property I own outright. I would finance buyer for ten years. Am I correct in assuming that I will pay the capital gains but just spread it out over the ten years, or do I just pay...
Ok, so how can a distressed seller (one that needs to sell now) pay for the title policy (to make sure no liens, etc) when most title policies can cost hundreds of dollars. These sellers don't have the money to pay fo...
I had a house rented in 2020 and 2021 to a tenant who quit paying due to job loss as a result of Covid. Because I was not receiving rent, I did not deduct depreciation. She applied for rent relief and I was reimburse...
I was expecting to receive quotes around 9% but I received 2 quotes yesterday from small local banks - one at 5-5.5% and another at 4.5%. Both amortized over 20...balloon payment in year 15. Are these the norm?
Hello, I have two family members that are 50/50 owner on title of a house (one lives in the house, one does not), they would like to sell the house to a 3rd family member, and seller finance the sale. I am trying to s...
I was just informed by my property management company that a tenant (a couple) has been approved and that they qualified for this Special One Time Assistance (SOTA) Program which pays their rent for the first full yea...
Hello! I recently closed on a home in Ohio and the previous owner said he never received the security deposit from the owner before him. The lease says that there was a 750 security deposit. Will I end up just having ...
I am trying to enter the real estate industry with a rental investment property. My options are as follows: - Multi-family home with 15% down, 0.5% off rate, and $1,000 towards closing costs.
- Single family home in...
Hi. I participated in a syndication last year (2016) and I am planning to file my 2016 tax this coming week. 1. What tax benefits will I be getting via the syndication?2. Will I be getting tax benefits such as mortgag...