Had a title search done(abstract service) House a tax lien(which i can pay, no problem) but it also has 3 personal liens on it. (2-of which i can have them sign off on the lien) the 3rd one is my issue.

Had a title search done(abstract service) House a tax lien(which i can pay, no problem) but it also has 3 personal liens on it. (2-of which i can have them sign off on the lien) the 3rd one is my issue.

However she doesn't want to have to pay the 15%tax.First, Is this 15% tax true?

An all cash, no loan transaction).For this reason, I calculate both cash on cash vs. total yearly return on my out of pocket money (which includes the down payment).Also note that usually you pay the first month of the mortgage in addition to the down payment, plus the whole of the insurance and (some) taxes at closing.

Better yet, anyone can recommend true and tried tax pro who specializes in this area real estate professional and passive loss rules?

Higher monthly costs via higher insurance, taxes, etc?

The question I have is, does the insurance and property tax get calculated in as part of the 50% expense?

In such a case, it could be that their income is not a reliable cash flow to make payments, even if a tax return on the average indicates the ability to pay.

Taxes are sky high which makes finding a deal a truly rare thing from what I've seen.

Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.