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• 1. K

     1031: selling one unit out of two possible?

     What is the name of your state? California Bay Area Hello out there, I own a two-unit property, with two houses on one long parcel. My brother is currently renting the front house; I live in the back house. I would like him to buy in to the property so that it is no longer a rental. Is a...

     • ktorgers
     • Thread
     • May 26, 2005
     • Replies: 0
     • Forum: Tax Law
  2. K

     Reconfiguring two houses, one lot: best help?

     What is the name of your state? California My name only is on the deed/mortgage on a parcel with two houses. The front one (1100 sq ft) is rented out; I live with my brother in the other (2200 sq ft). My purchase price was 290K; current value is about 550-650K (hard to say in CA). I would like...

     • ktorgers
     • Thread
     • Aug 6, 2004
     • Replies: 3
     • Forum: Buying & Selling a Home