 Someone please answer? |
| i have a question about a co-signer? I am trying to get a apartment but i need a co-signer. Does the co-signer have to pay any fees in order to be a co-signer? I have a lot of money saved up to pay ... |
|
 Is This A Scam?? |
the following answer came back in response to an apt rental query. Tell me what you think..would YOU take this guy up on his offer?
Hi,
My name is William James.I am in my ... |
|
 Sell Real Estate? |
I'm looking to Leave my change careers and sell Real Estate. Is is true about the earning potential?
Additional Details
I live the NY, NJ, CT area.... |
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 Can the HOA make me change my the color of my house? |
| A couple of years ago the HOA gave me their approval to change the color of my house. They have picked new colors and won't let me do any touch ups. They want me to paint my house a color on ... |
|
 Breaking a lease? |
| My daughter recently signed a year lease with her best friend, after living there for 3 days the friend moved out, my daughter ran an ad and found a roommate after a month, now the friend is suing my ... |
|
 Can theses two credit scores get into a house? |
| 656 and 660?......Can we get a loan?.How much of a loan can we get?... |
|
 My electric bill, Please advice? |
| HI we recently got our electric bill and it is 3 times from the normal, its 350, for 2 months, is usually 150. Our hot water leaks and the landlord is taking forever to fix it, nobody really knows ... |
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 Why should I rent or buy my first home? |
| I'm 27 and I just gotten married. We are looking into getting a house now. The only problem is that I am in the Army and stationed in Italy while my wife is located in Texas. Once I leave Italy I... |
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 How can I find a cheap apartment in Washington DC? I'm planning to relocate from Detroit.I? |
| I can only afford to spend about 300 dollars the first month, more after that *once I get paid*. I'm leaving Detroit within the next month *hopefully* and have to somehow arrange housing amidst ... |
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 Would a bank make payment plans for me if i owe ? |
for overdrafting fees i want to know so the y dont take my whole check cuz i need the money to pay the rents holla back anyone soon!!
Additional Details
thank ya'll for helping so ... |
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 If I complete a rental application and get approved, does that mean I am now bound the apartment? |
| I am now waiting on more paperwork to fill out but I would like to know if this application means I've signed my life to this apartment and there's no turning back. Currently, I am waiting ... |
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 How to handle a Sect 8 tenant who is angry and irrational? |
| A Sect 8 tenant receiving disability moved into my unit recently. This tenant demanded to move in early before rent check was received, called at 11:30 am that night, made a list of 50 or more items ... |
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 ARM vs. Fixed Rate? |
We can either get a 5/1 ARM or my parents can loan me money and we can get the fixed rate for 30 years. Which would you do right now???
Additional Details
I will pay my parents back by ... |
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Jon | If I purchased a rental house and in less than 1 year sell, do I have to pay capital gains tax? |
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 |
 
TaxMan
 |
If you do not hold property for "more" than 12 months, your gain will be a short-term capital gain.
Short-term capital gains are taxed at "ordinary income tax rates" NOT capital gains rates.
In addition, you will need to "recapture" any depreciation you have deducted. "Recapture" means that an amount of capital gain equal to depreciation taken must be reported as ordinary income. |
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scornedgypsy
 |
yup, you sure do |
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dajuan_n_only
 |
You can do a 1031 exchange.
Feel free to contact me via the information below.
Jenold Freeman
C.E.O. Justgetaloan.net
jfreeman@bourdeaufinancial.com
866 530 7300
Dont forget to log onto www.justgetaloan.net Americas home for real estate financing needs. For the best in rates, loan programs and service. Remember no matter what the situation; Can't we all just get a loan? |
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Jim
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Most of the above answers seem to be assuming that you are actually living in the home. If it is not your primary residence and you are continuing to rent the property you can do what is called a 1031 exchange. Check the website for details to see if you qualify. |
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Matt J
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If you lived in the home for 2 years I think you can keep up to 250,000 dollars tax free.
Matt
http://www.diversifiedlender.com/ |
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larry n
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unfortunately, you WON"T BE ALLOWED TO pay cap gains tax, you'll have to pay taxes on any gains at the higher short term tax rate |
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britgrit
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Much depends on which country you live in and its income tax laws. In the US, public libraries have information, or you can consult with an accountant. Who does your taxes? There are too many variables to give an accurate answer in this forum. Sale of rental property may be different than sellilng your primary residence. Taxes on capital gains have changed in the past few years. But, cheer up. The government will always get their share. |
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pace
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yes, u need to live in it for 12 mths before it it classed as your principle residence. |
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marc_wachtel
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You need to own your house at least for 2 yrs before selling...
The only way not to pay property gains tax is if you have a corporation. If you are incorporated, when you reinvest the profits, they may go into the new property without taxation...
That's how companies get around paying taxes!!! |
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Clint B
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Absolutly. |
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