I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
Hi All!I know this question has probably been asked a million times. However, my searches are proving futile. I apologize in advance. I have currently ony purchased houses, but am now looking at selling some of them.1...
a local deal popped up in my hometown for an 8 unit apartment. works out to a 15.6% cap rate. has 4 2br/1 and 41br/1 and rents are 400/300. 3 empty atm but he says he has calls all the time and stays full most of t...
Confirming that (generally speaking) a property owner will likely have to report any cancelled debt from a short sale as income? Any way around this if true?
I just purchased a 2 family home which is being rented out. Are there any NEGATIVE things, tax wise, that come from purchasing a home? I know I can write off expenses, etc to help me out....but anything with a negativ...
I'm looking into setting up a series LLC with a trust as the manager of it. I was wondering what kind of tax implications this would have if any. Thanks.
There are several posts on this topic but I am still struggling with a clear understanding. From what I have read on BP, it seems like there is no taxes that will need to be paid when one does a cash out refinance. If...
So in doing a Cash out refinance, lets say you don't invest the cash right away. Is the money you pull out of the property taxable as income?Thanks,
Hi all,
I have a couple of questions regarding money borrowed from a family member.
First I'm fortunate enough to be having a mother in law who is going to lend me roughly 60K in the next month or so to...