DEAR BENNY: My mother plans on lending me enough money so I can buy a condo. What is the process? What documents do we need? – Herb DEAR HERB: My first recommendation is that you – or your mother, or ...Read More »
DEAR BENNY: I own a rental property in Florida. I recently received from my tenant, through an attorney, a letter that claims to terminate my lease pursuant to Florida Statute 83.682. This statute (relating to military personnel) certainly took me ...Read More »
DEAR BENNY: I have a house and some savings. My married sister is 66 years old and retired and her husband is unemployed, but they own a condo worth about $35,000, living off her Social Security and his small inheritance. ...Read More »
DEAR BENNY: My parents gave their house to me and my three sisters in 1997. They purchased the home in 1965. They set up a life estate. Unfortunately my father passed and my mother is in assisted living. She will ...Read More »
DEAR BENNY: I am at my wit’s end. This is a long story so please bear with me. (Note: For brevity’s sake, I am summarizing: Peter appealed his real estate tax assessment, but first the county got it wrong, and ...Read More »
DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...
Tagged with: accurate home estimates appraising property deed home assessments IRS last will and testament property distribution after death tax basis of capital investment title Trulia trust document Trusts ZillowRead More »
DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info ...Read More »
RESPONSE FROM A READER: Read your recent column regarding the house rehab project which stopped in the middle. Just a thought: Most building permits have an expiration date, which local authorities may enforce, or ding the homeowner with some sort ...Read More »
DEAR BENNY: I am not a U.S. resident, and my wife and I are selling our house for less than $300,000, with $100,000 profit. We are selling the house in order to buy a new one. I searched and saw ...
Tagged with: Benny Kass FIRPTA Foreign Investment in Property TAx Act principal residence STaker Section 1031 like-kind exchange withholding certificate withholding of tax on nonresident aliens and foreign entitiesRead More »