https://fitsmallbusiness.com/taxes-on-flipping-houses/

hello,I've used bungol.ca for GTA search, asking/sold, prop tax, condo fees and rent prices.  

@Steven Westlake avoid carpet in rentals as much as possible.

If she hasn't, put this on your attorney's plate, as well.This is an important lession you've learned and I am sure you will modify your processes moving forward to avoid this situation in the future. 

Hi,Has anyone had success appealing the tax value with the Jefferson county board of equalization?

Hello,   I am interested in purchasing a vacant parcel from a tax auction that is in a gated townhome subdivision. 

Because one of the best things about investing in real estate is the tax benefits. when you invest with your SDIRA, you do not get to take advantage of those benefits. but with notes, where income is interest income and typically taxed at ordinary income rates - that is huge if you can defer or not pay taxes on that income.

Be sure you and your friend are receiving annual forms 1098 associated with both loans and that you discuss with your respective tax advisors.You will purchase hazard insurance in your name, listing the underlying lienholder as 1st loss payee and your friend as 2nd loss payee.When structuring a wrap, it's best for the wrap term to be longer than the term for the underlying loan and of course the monthly P&I payment to be higher. 

Down payment would still be $60,000.Of course if buyer defaults on the loan I would still foreclose, and I would require home insurance/property tax in escrow like the banks do.Do you think this would work?

Please note that there is no TAX reason to create an LLC for each property or, indeed, any LLC at all.