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Results (10000)
Anthony Markey Saving For Down Payment on First Home Roth IRA vs Taxable Account
21 November 2017 | 5 replies

Hello everyone,I am in the process of saving for a down payment on my first investment property and am looking for some advice. Some background on my personal finances I contribute the maximum amount that my employer ...

Monroe Jr Lease Options
19 April 2013 | 10 replies

I have two interesting questions ...

1.) In a lease option deal how do you protect the buyer to make sure the payments are made by the seller , if the sellers payments are escrowed out of the sellers account every m...

Vishal Amin What is the best practice to collect rent?
18 May 2023 | 8 replies

Hi,
I am an out of out of state investor. I purchased a duplex that is already fully occupied, I was wondering what is the best practice when it comes to collecting rent (section 8 tenants). 
Is it best to do it com...

Chris Mason PSA: Self employed generally now require ONE year of tax returns.
23 April 2019 | 1 reply

I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons. Not the two years you read about on google search results from 2+ years ag...

Rick Turman Tax Strategy Guidance For Rentals
11 July 2020 | 4 replies

I have combed a few forums but have not found a variant for my questions that I am needing help with.  I own two duplexes that were purchased in 2019; one in my personal name and one in the business.  Both were in ser...

Patrick Britton Need to reduce closing costs (Chicago purchase)
13 October 2018 | 9 replies

I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company.  I'm looking at something right now and the down payment is $18,000 (20% down) and t...

Account Closed Incorporating in Canada
11 May 2018 | 6 replies

I currently own 2 income properties and closing in on a 3rd. Properties are not owned by a corporation and therefore rental income earned and taxed as personal income. It is my understanding that real estate revenue i...

Simond Wong Tax Impact: Transfer Parent's homes to Me, Please :)
9 June 2020 | 5 replies

BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off.  I am based in Pennsylvania. 
I assume They should be able to gift all...

Alex Shaughnessy flipping w/ a partner
29 April 2017 | 8 replies

It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...

Ryan Sun Should I sell my old primary home?
10 October 2023 | 4 replies

In 2020, I bought my previous primary home with a 20% down payment and a 2.5% 10-year ARM mortgage. Since then, the housing prices have risen about 50%, reducing my leverage from 5x to around 2x. I'm considering purch...