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23 January 2025 | 2 replies
Your problem will be them incurring capital gains taxes simply so you can get a commission.
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5 February 2025 | 6 replies
The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.
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18 January 2025 | 2 replies
.: Hello,I'm new to tax/mortgage surplus funds retrievals, and have been in contact with a homeowner who is willing to work with me.
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14 January 2025 | 18 replies
During escrow converted it to a Roth and paid the taxes.
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15 January 2025 | 11 replies
You can use it as a downpayment on a property over $450k and use leverage tax free.
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22 January 2025 | 14 replies
401K loan is capped at 50K and with withdrawal, you have 10% penalty and tax implications.
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22 January 2025 | 7 replies
Without an ITIN/SSN, I'd be worried about running into KYC/AML violations, fed tax liens, the borrower being deported, lien enforcement, etc.
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18 January 2025 | 1 reply
With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.
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24 January 2025 | 35 replies
It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals.
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3 February 2025 | 15 replies
What are true returns for comparison, before or after Income taxes?