Tax Consequences of Buying Your Parents' HouseWhen one is buying a property from their parents, they have to consider the tax consequences that include it. Whether buying in cash or through mortgage payments, taxes can always be due on this type of property transaction. Depending on if the sale price is less than fair market value and other factors like capital gains tax implications, there may be...
sell my home cash
Tax Consequences of Buying Your Parents' HouseWhen one is buying a property from their parents, they have to consider the tax consequences that include it. Whether buying in cash or through mortgage payments, taxes can always be due on this type of property transaction. Depending on if the sale price is less than fair market value and other factors like capital gains tax implications, there may be...
How Long Can a Rental Property Be Vacant?When renting out a residential property, the greatest worry for landlords is the length of time their rental will remain vacant before incurring losses. There's no definitive answer to this question as this will depend on various elements including location, market trends and target tenants. It's advisable, however, that vacancies do not last more than 8 weeks...
Can a Hospital Put a Lien on Your House?In regards to medical bills, a hospital can attempt to place a lien on one's house if they fail to pay the bill. Which means that any profits from the sale of their house would go towards paying off outstanding debt incurred by not investing in medical care. It is essential that patients understand their rights and responsibilities when working with...