For that they are usually getting tax prep and filing and advisory / planning services.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck investing.

The seller will still be responsible for paying taxes on the interest income they receive, and when the principal is eventually paid, there may be tax implications for both parties, depending on how the deal is structured.

I have all this cash in hand and I feel IRS is going to take a big chunk from it.I just did many repairs/improvements on the other property as write offs to help somewhat when I file next year.

Can you file 2 years of 1040's for a person that passed away in 2022 but has income for both 2022 and 2023?

If you're able to get those items over before our call tomorrow we can go through and run more numbers based on offsetting that payment.DSCR is always a possibility for a new home, but it would not have the benefits of a primary residence lending option (terms and down payment).Yes working on it, however, I’m starting to think I should wait until it’s filed in my taxes before I even start looking for another property.

and the reason I say CA is that ( and I think we had this discussion on another thread) is that when I was re upping my CA BRE license there was a pop up that said if us agents suspect anyone of selling RE without a license to file complaints and their was a link..

At that time, if the individual is a beneficialowner, the reporting company must file an updated BOI report providing the individual’s owninformation.

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kFeature sheet: https://drive.google.com/file/d/1PMMTCmYptc1Jiy14MgAImJyiiEonebQl/view?

I agree with everyone else, it sounds like an attorney must be consulted a more than likely a suit will need to be filed.