Reynier Smith
Leasing process correct order
Hi I'm a new realtor and going through my first deal (rental). We just submitted the offer to the listing agent and was accepted. My client wired a deposit that is going towards the first month's rent. The lease agree...
Alazar Wubet
Do i need demolition plan from architect
My architect has given me the final drawing bundle but is charging me extra $3,500 for the demolition plan. Do i need it for permit processing or should i just let the contractor handle it and not pay extra.
Cody Anderson
Section 1031 and 121 Hybrid
I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (a...
Joe Kelly
Property Assessment doesn't show sale price
Hello all, I recently bought a property from a family member which was seller-financed back in October. However, I noticed on the county's property assessment website that the sale price is listed as a zero dollar amo...
Helen Lee
period to avoid capital gain tax
We bought our new house before selling the old building. We used to live in that building for more than 10 years. How many years do we have to sell the old building to avoid capital gain? I remember we should have thr...
Julie J.
Buying another property via 1031 exchange
1) I bought this home in prior to marriage and it has over 500k in equity. I am trying to sell it and buy another property via 1031 exchange, but will I owe taxes because my husband is not on the title? Ex. 500k deduc...
Jon Mizuno
1031 Exchange to purchase and FSBO
HI All,
anyone know if I can do a 1031 exchange to purchase an FSBO? Any rules or things to look out for? Thanks in advance!
Pete M.
Refunding deposit to vacating tenant after buying rental
All,Looking for a quick bit of advice. I purchased a SFR rental in Oklahoma City, and the prior landlord & PM failed to give the proper notice to the tenants to be out prior to closing. We closed anyway and the ...
Account Closed
What is considered a cash offer?
I'm feeling insecure about this question because it sounds simple, butWhat is considered a cash offer in a real estate transaction?My wife and I are looking at buying two rental properties in our area that are owned b...
Rashid Khalil
s corp possible ?
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...