Marty Gangler
1099-c on a short sale in 2012 -rental that was primary
Hello. I had a house in the suburban Chicago area for 5 years. The first 3 years it was a primary residence. Then once we decided to increase our family we bought a new house and converted the first house to a rent...
John Delk
details of primary home tax exclusion
Hello,I'd like to build a new home every two years and sell it, to take advantage of the capital gains tax exclusion. But what are the limits and tests I have to pass? I'd like to sell each home and repeat the proce...
Andrew Jennings Freerks
Creative way to maximize your investment in a flip, while being hands off
Investment Info:
Single-family residence note investment investment.
Purchase price: $410,000
Cash invested: $60,000
A developer friend approached me with a deal, but he was lacking the cash to purch...
Rene Alvarez
Buyer working with 2 agents. Who deserve tge commission?
A buyer came to me and I started showing houses. After 7-10 showings they put an offer and them they told me they were working with another agent from another part of the state with no access to our MLSIs there anythi...
Andrew Hinton
First Land Use Hearing, How to convince city to Approve Variance?
I purchased a vacant property and planned to develop a certain number of units that requires a variance. However, the language in the Baltimore City Zoning Code says the following:In order to grant a variance, the cas...
Boris Kryuk
Below market private deal. Good ROI, but couldn't get mortgage.
Investment Info:
Condo buy & hold investment.
Purchase price: $215,000
Cash invested: $230,000
Sale price: $215,000
Building doesn't allow mortgages b/c of high sponsor owned apartments.
...
Jarrett Mel Williams
Exclusive Buyer Representation
Has anyone ever signed an Exclusive Representation Form with an Agent and broker before?
What are the pros or cons to these? I’m trying to understand why you should or shouldn’t sign these and what benefits they wou...
Andrea Harwood
5-Unit Multi-Family Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $240,000
Cash invested: $60,000
This is an awesome 5-unit building directly across the street from the region...
Nicole Parnell
Capital gain tax on selling real estate in 1 year
What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets for...
Account Closed
My Second Property was purchased in a Self-Directed IRA
Investment Info:
Single-family residence buy & hold investment in Perris.
Purchase price: $108,500
Cash invested: $45,000
3 bedroom, 2 bath
What made you interested in investing in this ...