I am hoping to bequeath my primary residence to my daughter upon my passing. I met with an attorney who suggested that I just put her name on the deed thus making her a "joint tenant." I was wondering if this is the b...
Hi,
I've read prior posts about permissibility of renting a 1031 exchange property to family members (as long as it is fair market rent and well-documented).
Is it permissible for the parents to leave the property i...
If any CPA or someone that had similar experience could comment:The IRS understands the ownership of a property as the day of the death or the day of distribution?Question is pertaining to $250/$500k capital gain owne...
I am a 26 years old and I currently live in Texas. My family owns a few houses in Georgia and wants to transfer one of the houses to me as a the new owner. The house has about 60k left on the mortgage payment and is v...
My Father in Law has 5 properties that purchased from 1974 to 2000. They are in a 1031. He offered to sell us the oldest, a 1974 cabin in Tahoe City, but then changed his mind because of taxes. Can he gift it to his d...
I couldn't find a section on the forums specifically for probate discussion. Sorry if I posted in the wrong forum. Anyways, I found a mortgage free 2 family. No one has lived in it for years. Great value add property....
I wanted to ask everyone what you all think my best strategy should be. Current status:Wife and I are employed and rather high-income earners (total household income >1M), but because we are employed, we are getti...
So I've been toying with the idea of joining EXP for years. Especially as I got my lending license and realtor license. Doing re-search to see if it's the right fit for me.
I'm talking with a motivated seller in chattanooga tn and there are some terms on the quitclaim deed he showed me that I've never seen before. It says its a quitclaim from mom to her son and grandson with "a lifetime ...
HelloHoping someone can help with this answer before digging in deep. I have an elderly ill father with two mentally handicap brothers in the state of Florida. He wants to bequeath his home to me so that my brothers...