12 November 2018 | 7 replies
Of course, since the payback is variable, perhaps the investor holds a tax consequence, even if I pay the capital gain / ordinary income tax.Has anyone experienced that?
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20 June 2018 | 5 replies
I think being plenty paranoid is a good thing here.Research this guy as thoroughly as you can online.
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20 June 2018 | 3 replies
I typically look into the property tax and transfer records, which are all online to see what the property is currently assessed at.
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27 June 2018 | 3 replies
I am currently in Baltimore I got a job offer down in Broward County. Making about 19K more base salary so my W2 income would spike nicely. I am about to finish my first BRRR deal (actually got the appraisal done tod...
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19 October 2022 | 5 replies
I have a duplex under contract that I anticipated paying $3,300 in annual property taxes (using the Indiana online property tax estimator), but they came in at $2,650...so maybe its already designated as a rental property?
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29 June 2018 | 23 replies
I'd say if you find an experienced partner in the field and want to start directly into a deal yourself go for it, but if you'd like to learn from others, I think passively investing and learning while looking for deals (which are hard to come across the days) also is a smart strategy.
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25 June 2018 | 14 replies
I was wondering if anyone more experienced could confirm my understanding of the legalese:"After the issuance of a tax deed, real property may be redeemed only by the record owner or owners, or party in interest, up to the time the county commissioners have entered into a contract of sale or the property has been transferred by county deed." https://legislature.idaho.gov/statutesrules/idstat...3) I.R.S. liens - I haven't figured out how to look these up yet, but it is my understanding that IF there is an IRS lien on the property, it would be valid for 120 days.3a) Does that 120 days start when it is purchased at auction or did it already start a few months ago when the county foreclosure process went through and the deed was transferred to the county (presumably from when the deed was recorded then?)?
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21 June 2018 | 6 replies
From what I experienced, when a property is sold, you're due gains tax to the federal and state authorities, either short term or long term if you're the owner.
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21 June 2018 | 11 replies
Building a team or researching online does not help you make more offers.
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25 June 2018 | 40 replies
The truth is, there are many people on here more experienced in different areas of the market than I am, and even in the little niche that I work in; and I'm always @mentioning them in posts to get their expert opinions, and @Jay Hinrichs and @Joel Owens are two of those I annoy consistently and am grateful for.