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So the situation is my wife and I both owned houses before we got married and I believe we both would meet for two out of the last five year resident test. Can we both use 250 K exemption on our individual properties ...
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My tenants 1 year lease is up July 31. They want to resign for another year.What day are we supposed to meet up to sign the new 1 year contract?I wasn't sure if I'm supposed to wait until August 1st to sign it or what...
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Hi BP! A seller contacted me after receiving one of my pieces of direct mail and is interested in selling their duplex. She mentioned she's willing to do seller financing however she still owes $95k on her loan. I ask...
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Do you go out of your way to teach others real estate? So I have read many threads about people complaining about relatives belittle there endeavor to start real estate. And the general consensus is keep your business...
I have a ADU in the bay area that is rented out. I have to move out to a different place in few months and I am wondering on how I can rent out both the main home and the ADU legally or my only option is to sell the h...
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Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
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For the past five years, I have been providing private loans to a builder for new construction projects. Our agreement has typically been structured as an interest only loan, where he puts down 25%+ when purchased and...
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Hi I just want to thank you all in advance for your help,My question is I purchased a duplex using my VA benefits back in January of 2015, I bought the property for $220,000. My agent believes the property is now wort...
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I know the question is subjective. Obviously there is a tax savings (deferred) benefit. For those who've gone through the process on a SFR, did you find it worth the extra steps, time involvement, and (maybe) hassles ...
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Doing some light research on accelerated depreciation of rental R.E.
Does anyone use these techniques? Are they sound from an IRS standpoint. Also, can someone describe the person this technique would work the best f...