Anthony Polk
Do land contracts qualify for $8000 tax credit?
From the definitions of who/what qualifies a purchaser/purchase for the highly touted $8000 tax credit, it appears that a change in title (to the buyer's name) is what constitutes the "qualifying event". Of course th...
Ernest Badalov
Individual or LLC sale?
To All,
Just wondering what everyone thinks. What are pros and cons of:
1. Selling all rental properties separately (within a short period of time)?
2. Selling them once as one LLC (assuming all those rentals are p...
John Kuzan
Sales Contracts on Individual Lots in PA
I am purchasing two unimproved lots that are next to each other, owned by the same person. My Real Estate Agent created two separate contracts to purchase the properties, stating that they are deeded separately. Doe...
Marsha Burks
Judicial Sales Chgo - One individual winning most auction bids !
I attended an auction at The Judicial Sales Corp in Chgo. I'm looking for buy/hold property for rental income to supplement retirement income. I thought auctions would provide the best options for deeply discounted i...
Josh Cochran
Setting up Partnership to 1031 individually at Future Sale
How does one set up a real estate partnership so if that partnership eventually sells, each member can 1031 exchange their individual share at a future sale?(It is my understanding that typically partners cannot 1031 ...
Chabane Maidi
Register for sheriff sale auction as individual or LLC?
I'm in the process of registering for an upcoming sheriff sale, and have the choice to register as an individual or with my business LLC.
I'd rather register as an individual, but I've noticed that all of the recent ...
Debra Martin
Sale of an income property from individual vs LLC
My husband and I own a mobile home located on a plot we own, not in a park. We have had a tenant in it for the past two years. They have been wonderful and are interested in an option to purchase contract that we do n...
Frank Adams
How do I find properties banks want to unload?
I can't believe this is as simple as going into my bank and asking so what's the best way to find bank properties?
Dan M.
Individual spaces for sale in (condo style) mobile home park. How to value?
Hello everyone,
Mobile home is for sale in a park which includes the small amount of land under it. Looks like all the spaces in the park are designed like this. I think the concept is called a condo conversion of...
Amy A.
Irrational pricing
I have been looking for a strip mall/ shopping center in my area and am not finding any below $3M that are priced based on cap rates or any obvious rational calculation. Also, at their asking prices, they would no...