 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?... |
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 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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 How do I get into real estate business? |
| Everytime I ask around to find out how to get into the business they always tell me you need a lots of investment. It is very discouraging..so I need help! Is there a webstie?... |
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 I am moving into a new apartment July 31st and came to agreement that this would be okay. Apt managemis tryin |
| to change move in date to the 20th of july whis is total bs and will cost me an additional 400 dollars that I am not willing to spend. My rent is paid through the first at the place I live at now. I... |
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 Can a tennant give a 30 day notice and assume the security deposit will be used? |
| When you give a 30 day notice for example of the 27th, on the 1st do you still have rent due? Is it fair for the tennant to ask that the security deposit be used as rent?... |
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 Question about refinancing my home.? |
| Say, for the sake of arguement, that I currently have a mortgage for 100K. I heard that I can refinance my home (at whatever the current market interest rate is, which just happens to be lower then ... |
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 My Mother in law has messed up our mortgage payment and I'm worried? |
OK this is going to be long so bear with me.
Last year we fell into arrears with our mortgage. We went to court, a suspended possession order was granted, but we managed to raise the ... |
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ttothep | Is there any way I can avoid paying capitol gains on selling my home??? |
I have owned my home for only four months. My job is taking me elsewhere and need to sell my home. Any way to get around capitol gain taxes??
Additional Details
Purchase price of home was $256,000. Looking to sell for $340,000. I can't do a 1031 exchange because I do not own another piece of property. Any other way? |
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Molly
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As long as you meet the requirements (i.e. new employment over 50 miles from former) you will qualify for a reduced exclusion exemption amount. Put plainly, normal people who own and use their houses at least two years get up to $250,000 per spouse as an exclusion when calculating the gain on sale of home for taxable purposes. For you it might be helpful to look at Publication 523 starting around page 14 from the IRS.
I would also agree with looking at any poorly performing investments that you were intending on selling. However, don't go dumping all your stocks just for this cause. You should calculate exactly who you think your gain from this is along with other factors in your income before taking any drastic strategies.
And don't consider creating fake trusts or trying to loop the system. If caught, the penalties and interest will make you sorry you did. |
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anonymous
 |
If you put your house in a charital remainder trust. you can get a deduction if your job is taking you out of the market too. |
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Orlando57
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sure give the house to the kids as a one time life time gift ask an attorney they will talk to you for andhour for free or ask a pro accontant like the ones at your office |
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sunshine_today
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Holy crap, for that kind of appreciation in 4 months, you shouldn't be crying about taxes, sorry, but that is a really good return for just 4 months. |
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stevemorris1
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If you have any capital gains after owning the home for that short of a period of time, you did pretty well. But that aside....
You can qualify for a reduced exclusion if you buy another home in your new place of employment and the reduced exclusion may be enough to cover all your gains if they aren't very big. |
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Princess
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Nope. Not unless you own it for a longer period of time. Well, I take that back, you could use a WHOLE bunch of capital losses to off-set it (do you have any stock that has significantly decreased in value since you bought it? It may be time to sell...)
If you are really hell-bent on avoiding capital gains, you could keep the house and rent it out. |
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HMMMMMM
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Rent the home out and move back for an additional 20 months sometime during the next five years.
Rent the home for a year and then complete a like kind exchange (1031) for investment property.
Otherwise there may be an opportunity to get a proration back, consult a tax attorney. |
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wildcat03820
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If you reinvest the proceeds immediately in another property, you could qualify for a certain kind of taxs exchange. Take with a financial advisor about this as the laws are complicated. |
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rainman420
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Create a fake charity, donate it, then misappropriate it back to yourself. Write your congressman for further instructions. |
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Peaches
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Depending on your job change reasons, the IRS sometimes allows for certain 1031 tax exchange rules to become exceptions. See your tax accountant for 1031 and 1034 tax laws. |
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