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17 May 2024 | 4 replies
Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.
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20 May 2024 | 13 replies
Some like buying a tax lien can be done for as little as $500 (although easier said then done).You can wholesale properties of get a fee for being a bird dog and referring deals to other investors.
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22 May 2024 | 77 replies
There was NO mortgage information, even though I have a mortgage.Conclusion: The only useful information was my name, square footage, number of bedrooms and bathrooms, and the date of purchase, but all of this information is easily available on Zillow or the online tax records.
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19 May 2024 | 23 replies
Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.
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20 May 2024 | 177 replies
Do all of them provide real estate tax benefits including depreciation like the one that Cardone Capitol offers?
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19 May 2024 | 4 replies
What is a reasonable way to apply an estimated tax benefit of the interest deduction vs. the tax on increased positive cash flow vs. invested income?
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21 May 2024 | 48 replies
It doesn't really affect me, other than as a tax payer.
18 May 2024 | 1 reply
My mom died last year April 2023 2 years prior my step dad died.
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16 May 2024 | 3 replies
I got these questions from this: House Hacking & Taxes (the Implications You Need to Know) (biggerpockets.com)2.
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19 May 2024 | 9 replies
The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.