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| Favorite team: | LSU  |
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| Number of Posts: | 196 |
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Recent Posts
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re: New Lexus Purchase - Looking for tips
Posted by NEWBIE on 8/6/23 at 1:42 pm to ChasinTails
Are you looking at the completely redesigned 2024 model? If so, good luck negotiating.
If the '23, the new model should give you a chance to get a better deal
If the '23, the new model should give you a chance to get a better deal
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re: Do you know anyone that has had the title to their home stolen?
Posted by NEWBIE on 1/17/23 at 5:41 pm to armsdealer
Title lock and Title Insurance are 2 completely different products.
Title Insurance is regulated by the department of insurance for each state and provides value to the owner. Lenders require a lenders policy with every every mortgage.
Title lock is a scam, and some of the claims they say it protects against would be protected by an owners title policy already.
Title Insurance is regulated by the department of insurance for each state and provides value to the owner. Lenders require a lenders policy with every every mortgage.
Title lock is a scam, and some of the claims they say it protects against would be protected by an owners title policy already.
re: 1031 Exchange
Posted by NEWBIE on 12/9/22 at 7:58 pm to Clint Eastwood
Title Exchange Company is local in BR
You can look in to Delaware Statutory Trusts (DST).
REITs do not qualify as a real property interest for exchange purposes.
REITs do not qualify as a real property interest for exchange purposes.
re: Nuances of 1031 Exchange
Posted by NEWBIE on 5/7/21 at 4:00 pm to Rust Cohle
Call Title Exchange company in Baton Rouge. Locally owned
Why risky? If you can't buy the replacement property you just pay your taxes that you would owe anyway.
If your gain is large enough and you intend to buy another property, I don't see why you wouldn't try one. If you can't buy it within 6 months, oh well.
If your gain is large enough and you intend to buy another property, I don't see why you wouldn't try one. If you can't buy it within 6 months, oh well.
re: 1031
Posted by NEWBIE on 4/19/19 at 7:59 pm to EngineerOnDemand
1031 Exchanges are only for investment in real property into like kind real property.
You can't exchange out of stocks.
You can't exchange out of stocks.
Speak with the title company so they can coordinate when ordering the payoff request.
re: 1031 Reverse Exchange
Posted by NEWBIE on 2/1/19 at 7:28 am to smoke4life
Call Title Exchange company in Baton Rouge. That's their specialty
quote:
You don't understand how realtors are paid. Sellers pay the realtor fees.
And you don't think the seller has accounted for this in the sales price?
re: Talcum X Has Been Caught Lying Once Again
Posted by NEWBIE on 5/28/18 at 11:53 am to tigers win2
re: Estimating Taxes for Rental Home Property After Sale - Am I doing these numbers right?
Posted by NEWBIE on 5/27/18 at 12:54 pm to StringedInstruments
Don't forget to take into account depreciation recapture.
re: TV experts, will be needing a new TV. Few questions for one in a moderately bright room...
Posted by NEWBIE on 1/20/18 at 8:21 am to HebertFest08
I have the same decision to make soon, so interested in the replies.
I will point out the 2017 lg oleds we're released at the end of February last year. May see a price drop in 17s or enough improvements in 18s to buy the new model.
I will point out the 2017 lg oleds we're released at the end of February last year. May see a price drop in 17s or enough improvements in 18s to buy the new model.
Look up an fha 203k loan
eta - Have you already purchased the home? or just entered into a purchase agreement?
eta - Have you already purchased the home? or just entered into a purchase agreement?
re: Explosion in NYC - looks like it's over
Posted by NEWBIE on 12/11/17 at 7:07 am to 10MTNTiger
Look at the twitter responses to that photo. From 5 years ago and a controlled demo of the subway.
Not from today.
Not from today.
Look up section 121 personal residence exclusion. To qualify, you must live there for 2 of the last 5 years.
You can use the 121 exclusion multiple times a long as you meet the criteria.
Capital gains tax top rate this year is 20% plus Obama care tax and state cap gains tax. If you've depreciated the property, you must pay recaptured depreciation rates on that portion.
Talk to an accountant, CPA, or tax attorney to determine your tax liability.
You'll need a qualified intermediary if you choose to do an exchange.
You can use the 121 exclusion multiple times a long as you meet the criteria.
Capital gains tax top rate this year is 20% plus Obama care tax and state cap gains tax. If you've depreciated the property, you must pay recaptured depreciation rates on that portion.
Talk to an accountant, CPA, or tax attorney to determine your tax liability.
You'll need a qualified intermediary if you choose to do an exchange.
quote:
Get in contact with a tax attorney. They will act as the intermediary.
Your tax attorney cannot serve as your qualified intermediary. Gunn is a fantastic attorney and very knowledgeable.
Call Title Exchange Company in Baton Rouge. Bill Hyde has been doing exchanges for almost 30 years. Most experienced QI in the State.
re: Rent house vs REITs
Posted by NEWBIE on 7/18/17 at 10:29 pm to ghost2most
Make sure to look at your exit strategies with a REIT and the tax consequences of doing so.
You may not have control of the timing of the REIT selling the asset(s).
You may not have control of the timing of the REIT selling the asset(s).
Have the closing attorney prepare a specific power of attorney for your designated agent to sign to buy this particular property.
No reason to wire the money ahead of time. Just process the wire the day of the closing while on vacation.
If you must wire money before leaving town and the closing attorney has a reputable office, they could hold the funds in their escrow account until closing.
No reason to wire the money ahead of time. Just process the wire the day of the closing while on vacation.
If you must wire money before leaving town and the closing attorney has a reputable office, they could hold the funds in their escrow account until closing.
re: Gains from Sale of House
Posted by NEWBIE on 11/28/16 at 1:59 pm to ThatsAFactJack
Section 121
If there was a gain, it would not be recognized if you have resided in the property for 2 of the last 5 years.
If there was a gain, it would not be recognized if you have resided in the property for 2 of the last 5 years.
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