14 January 2017 | 10 replies
That means a calculation is in order to determine if the tax implication on the boot is lower than the mortgage finance charge.
16 January 2017 | 5 replies
If you plan to prepare your own return, be familiar with the tangible property regs and the implications of turning your primary residence into a rental.
24 January 2017 | 19 replies
You also need to drive traffic to said websites to generate buyer and seller leads.To drive traffic to your site that collects buyer leads - sharing knowledge on area social media sites like facebook groups and Bigger Pockets (hey guys click on my face to the side to find my website and then sign up as a buyer on my site), gets you buyer leads - not hard to generate buyer leads at all.To get sellers you want to drive traffic to that site - I do so by optimizing my page with a lot of words that motivated sellers would search for in addition to my city - in your case and in my case - Raytown and Kansas City and all the other cities where I might buy - I have a page set up on my site for each specific city I buy in so Google can find it.
16 January 2017 | 5 replies
(currently valued at ~30K - then I have to contend with the tax implications)Should I try to get a personal loan and "gift" it to someone I can trust to purchase the new home under a different name and have them qualify for the mortgage.
16 January 2017 | 0 replies
Will there be any back tax implications or anything else I need to be aware of!
4 June 2016 | 4 replies
I am a wheelchair user myself.Before my disability I worked in construction for 15yrs remodeled 1 home I lived in and built my 2nd home.I'm currently trying to research hard money lenders and any tax implications there might be for me as I am on SSDI and collect a disability pension.I'm thinking I might be able to buy a house at sheriff sale for around 70% ARV and that's assuming somewhere around 30-40k on rehab work inside doing the kitchen,bath redoing carpet and flooring and patching painting drywall throughout the house from the neglect/abuse of the foreclosed homeowner.In my research I know to check for secondary liens and back taxes.
3 June 2016 | 0 replies
Should we have them do seller financing for the amount they can gift us each year without further tax implications?
7 June 2016 | 1 reply
I am curious as to input on regulations and code implications in the multi family market.Many people recommend staying under 4 units; Does anyone have feedback on the model of 5+unit properties versus standard tri plex and quadplex investment and management?
8 June 2016 | 2 replies
Any profits you make are taxed at your income level, plus Medicare and Social Security tax.
5 July 2016 | 25 replies
The social factors that drive success are all in place there so its a solid market and worth it to grind out the search for the right properties.