BP Community   I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...

step by step process?

For ALABAMA: Has investors with an Alabama tax certificate acquired a quit claim deed from property owner before it converted to a tax deed… and redeemed the property on your ‘own behalf’ before it converted to a tax ...

The property is located in California.

I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.

1)
For the transfer tax calculation,...

Hi. I'm new to investing and live in NC. I'm currently buying my first property the traditional way - through a law office. In NC it's my understanding that a lawyer has to do the title search and they are an agent of...

Hi all,My wife is the sole legal owner of a duplex in Ferndale, MI (48220) that we consider "ours" (it was purchased on her own after we got married because it didn't need 2 people to qualify for) and we are consideri...

Hello everyone! Question regarding my first rental property and taxes. I purchased my first rental property (4plex) back in July that’s taken a lot of expenses; down payment, inspection, repairs, rehabs, etc. From my ...

Good Morning BP!!!from what i understand, purchasing a property at a judicial sale wipes liens.using imaginary numbers, here is the scenario.house purchased at judicial sale for 40,000   (property worth 150,000)tax li...

There was a Tax Sale (Judicial Sale) today and I scouted out some properties and set my max bids for each property.  I lost on two properties, but got one SFH for $10k or just over $11k after transfer taxes.  My first...

Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...