Stephanie Freed
My first out of state purchase.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $54,000
Cash invested: $54,997
Remodeled 3 bedroom 1 bath single family home built in 1951 in a quiet neighborhood ...
Janel Lawani
Property Valued at 70% Higher Compared to Purchase Price,
I am looking to get my first house in Houston which is a great deal going and lines up for my qualifications. The only thing is, the property is valued 40% higher compared to the purchase price with the Harris county ...
Yourri-Samuel Dessureault
How is the interest gains from seller financing taxed?
I am wondering if the interest from a seller financed property is taxed as your income rate or as some sort of capital gains since it is result of the property sale?
Eric Dufault
Changes from Owner Occupied to Completely Rented Duplex
I've been looking into purchasing a duplex as an owner occupant utilizing no money down with a VA Loan. After this is completed and I have lived in the home for a certain period of time, I would be looking into renti...
Justin Mazza
Taxes increase on Primary Residence, looking to invest elsewhere
Hey everyone!Brand new to the forums although I have been a fan of BP for sometime now. I closed on my very first home back in October 2020 as my primary residence with long term plans of moving out two years down the...
Dahl Salmon
A way around higher property taxes in Indianapolis?
Just found out property taxes are twice as much for investment properties than then are for owner occupied in Indianapolis. If I were to move to Indianapolis and buy a home as a primary residence, live in it for at le...
Tim Clarke
How to lower your taxes on a apartment building.
I have been looking for an apartment deal going on 7 months. This is my first commercial deal and have been looking for 6-20 units that fit my other criteria's. I have looked at a lot of properties. I find that most...
Julio Gonzalez
Cost Segregation - what to consider when looking for a firm?
A cost segregation study is a great way to reduce your taxes, but remember, not every cost segregation study is the same.When considering different cost segregation firms do your Circular 230 Due Diligence and ask:- D...
Andrew Jones
Refinancing a Note
Hello BP,
I purchased a 5+ unit property in the past year where the seller carried financing and he currently holds a note. He contacted me seeing if I could cash him out and he would agree to reduce the principle of...
Julio Gonzalez
A Deeper Dive into Section 179D Energy Policy Act
The 179D Energy Policy Act gives taxpayers a deduction for installing energy efficient assets such as the building envelope, HVAC and lighting. It is for apartment buildings greater than 4 stories and newly constructe...