All Forum Posts by: George Plasencia

First of all;  Hi everyone.

ok the situation is I have a friend of mine which reach out to me for help, her husband died due to Covid. They owned a property with survivorship deed. The property is located in Columbia NY.

I have prepared the affidavit of survivorship and have the death certificate and the survivorship deed but i don't know where to take the documents so my friend get a new deed under her name.

she want to update the deed so she could give it to her son when she dies. I truly appreciated all of your help before hand. thanks 

HI FIRST OF ALL, I AM NEW HERE AND I AM SO EXCITED TO BE HERE. SECOND I JUST BOUGHT MY FIRST HOUSE. ITS A DUPLEX IN NYC. 

MY QUESTION IS  HOW TO CALCULATE EXPENSES ON A DUPLEX WHEN I LIVE IN ONE HALF OF THE PROPERTY AND THE OTHER HALF IS RENTED?

SOME OF THE EXPENSES ARE TOGETHER IN ONE BILL LIKE SUCH HEATING, ELECTRICITY, INSURANCE, WATER, ETC.

DO I TAKE WHATEVER AMOUNT IT IS AND SPLIT IT IN HALF. OR PUT THE WHOLE AMOUNT AND PUT IT IN THE RENTAL UNIT TO TAKE ADVANTAGE OF THE TAX CODE?

SOMEONE PLEASE HELP. THANK YOU.