Hello all,

A friend and I have purchased houses through tax auction (quit claim) before to buy and hold/ fix and flip, so we are familiar with the process somewhat. I was wondering if it makes any sense to acquire a ...

The Kansas City Chiefs' triumphant victory in the Super Bowl not only ignited celebrations across the city but also sparked discussions about its potential impact on various aspects of life in Kansas City. As the city...

The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...

Happy New Year everyone - hope 2017 was great!We receive payments online via Cozy and I am entering our payments received into Quickbooks to finish the year. We had a few tenants pay online for January of 2018 on Dece...

I was living in my house for 5 years. Due to a new job, I moved to a new city in July. My tenant's lease started July 26th 2023. I got a letter from my county tax person on Sept 13 (see below). I don't understand how ...

I had a rental house that burned down.  I have owned it for a very long time and had depreciated most of the original purchase price.  I had replacement coverage insurance and received about 300K to restore the house....

Hello,

I have one furnace that controls the heat for 3 units.  Consequently some units get warmer quicker than others and visa versa.  To help best monitor an appropriate temperature for the apartments I think it w...

I posted this in the personal finance section but wanted to post here also for advice:  The "Legal" question is at the end but there are some details before that:A young woman I know received a house from a trust afte...

Example:1. Seller owns an investment house FREE and CLEAR. 2. Seller bought house 6 years ago  at $350,000 as investment property.3. Market price now $550,000 4.  Seller refi's at 70% LTV = $385,000, 30 year at 5%; PM...

If I'm the GP putting together a syndication, is it possible for me to invest alongside investors on the LP side with a Solo 401K, but also create a separate entity on the GP side to receive the promote? Two separate ...