Joehn B.
Texas HOA foreclosure risks?
27 August 2024 | 4 replies
The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure!
Ashton Tracey
Memphis and Oklahoma City
27 August 2024 | 4 replies
I always tell folks if you can find a deal that works for you now with rates where they are then if/when they drop you will be miles ahead.
Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
30 August 2024 | 29 replies
. - If you are investing passively in a syndication with bonus depreciation, make sure to vet the sponsor and understand the investment vehicle before you invest.
Rama Mulpuri
Looking to buy in Plugerville or Round rock
27 August 2024 | 8 replies
I appreciate your response and have a great week ahead!!
Malik Javed
Maximizing Deductions on Like-Kind Exchanges with Cost Segregation
27 August 2024 | 0 replies
As such, planning ahead and working with a cost segregation firm that is highly experienced with 1031 exchanges is key.Definitely reach out to your CPA and/or certified cost segregation professional.
Yiani Georgiev
My first project (NEED SOME GUIADANCE)
26 August 2024 | 2 replies
I get that getting approval from the other residents can be a bit tricky, but it’s great that you’re thinking ahead about the shared spaces.
David Butler
Real Estate Rookie podcast episode 449 feedback
27 August 2024 | 6 replies
I have every empathy for folks who are hurting especially from instances that are from outside of their control, but filing bankruptcy to get out of debt that she chose to sign up for and promise to pay for the sole purpose of getting ahead faster (her story, not mine) seems less than ethical and Bigger Pockets promoting it is questionable.
Tyler Bettencourt
property tax due while my property is for sale
26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
Cody Sims
Family Selling Ranch - How to avoid paying taxes on capital gains?
26 August 2024 | 6 replies
The two main vehicles there are DSTs (mentioned above) or using a Tenant In Common deal that may have better returns and liquidity.
Jason Phu
Cash purchase, seller want to stay back after closing
28 August 2024 | 23 replies
When half of the responses are DON’T EVER and half are GO AHEAD NO PROBLEM that should make an intelligent buyer pause and think about how that could possibly be.