Alex Shaughnessy
Rolling annuity into self directed IRA
My mom has an annuity w/ about 40k. She is telling me that is my inheritance. Its currently in a fixed annuity and can barely keep up w/ inflation. I want to use those funds for a deal. I am new to the self directed I...
Sahil Rohra
Depreciation and Passive Accumulated Losses
Hi,Had a quick question to confirm I am understanding how passive activity losses and depreciation (and depreciation recapture works). Please see below hypothetical example. Assuming I bought the below property and so...
Hae Sun Yi
Sell it or keep it to rent out?
Hi! I have a single house with 4B 2700 sq ft. in Naperville with a property tax of $11.000. I'd like to hear your opinions if I'd better sell it in spring or keep it to rent it out in this market. The rates are going ...
Andrew Cosme
Subject to and seller financing payments
I would like to get into seller financing and subject to deals but don't really fully understand the payments portion of it. What I mean is, the payments made to the seller, is the total payments consisting of princip...
Rob Barth
Renting properties at or below mortgage payment
Is it a bad idea to invest in properties where you would be able to collect rent that is equal or a little less than your mortgage payment? Or does anyone have a rule of thumb on how much profit they typically expect ...
Grace Chee
Appeal property tax increase in FL
Hello BP community, does anyone have experience (or know people who have) in appealing property tax increase in Orlando FL? How is the appeal process like, and has anyone had success or non-success with the appeal?
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Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Amie D.
Property tax assessment on foreclosures
Hi all, I bought a small 2/1 SFR foreclosure for $12,900 in KY in 2009 that I renovated and is now a rental. The past several years the tax assessment has stayed at my purchase price as this area has not appreciate...
Sahil Parmar
Rental Income and Taxes
Can depreciation on rental properties be used to offset W2 earnings? So for example, if I make $100,000/year through a job, can taxes on that income be offset if I make a loss when I deduct depreciation from my rental...
Stephanie C.
Adding appreciation to a commercial property
Hello BP, One of my partners and I purchased a commercial building earlier this year. (First RE investment for me) I was wondering if there is any way to force appreciation by doing the bare minimum. Ultimately, I am ...