If you do section 8, charge a few hundred more than section 8 pays, otherwise the hoodrats will destroy your property.
Weird how when they pay nothing that everything gets torn up, no skin in the game. Soon as they pay some out of pocket, stuff gets taken care of.
Dated a chick after my divorce that had bought 1k of bitcoin in 2014 on the advice of her college aged son. He lost the thumb drive with the hash keys on it…. When he flunked out in 17 she went down to move him back home and found the thumb drive.
Sold 500 shares when it hit $20k in 17(. Bought...
This is not applicable or correct.
The "Step up basis" means the property is worth what you sell it for, so no "profit/income is realized, therefore no tax due.
Currently inheritance/death tax is over 11 million in assets before you are taxed. Double for married folk.
Several states have a death/inheritance tax, but GA does not.
Best to sell right away.
IRS allows value at current market value when a person dies. Relative is only responsible for taxes on any elevated sales price.
At death, house and property are immediately worth current market value, rather than what was paid back when...
Based on what the industry says, close to 70% of the real estate deals are cash sales, not mortgage based.
So, property values are not going to drop like they did in 08-09.
Synovus has a HELOC for good credit folks, 700 + score, that has about $50 in closing costs. I did one a year or so ago. You have a $500 penalty if you close it in less than 2 years.