Your cost to attend court is a tax deductible expense but I don't believe it is something that can be added for the judgement.

Taxes 3.

I have a lot of investors that buy in TN for example and the taxes in some counties are crazy low $400-$600 annually.

In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,

Also, for a situation that owner simply refused to pay insurance/taxes and let it go foreclosure.

Is there a tax advantage if I do a cash out refinance of one of the rentals and buy the primary out right?

High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?

So depending what you're looking at, most things that have power restored should of already passed a structural inspection.Pay attention to mold and electrical as well.

I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage

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