John Chapman
Reporting of Sold Property in a 1031 tax deferred exchange
I did a 1031 tax deferred exchange in 2018. I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the...
Mike A.
Funding for a State guaranteed grant rehabilitation
The City of Hartford and the State of Connecticut have a grant revitalization and development program. There is an old warehouse which can be converted into legal 50 2 bedroom and 1 bath units. However, it's in pretty...
Ruth Lyons
Question about foreclosure auctions in Baltimore County
I'm looking for some insight. I went to an auction to observe yesterday. One house I was interested in was bid high by the lender. His bid was clearly at the ARV level even though the home was in foreclosure and neede...
Thomas Powell
Section 8 Tenant Screening
Hello all,I am looking to purchase my first investment property and I am considering the Housing Choice Voucher Program (Section 8) given that the property is located in a low-income area. I have read many posts whic...
Daniel Dowling
Have our Constitutional rights been violated?
Does anyone else feel like the U.S Government has violated our 3rd amendment Constitutional rights? The third amendment states "No Soldier shall, in time of peace be quartered in any house, without the consent of the ...
Rod Joseph
Reporting Foreign Investment Property
Do you have to report rental properties owned overseas? (Asking for a friend...)How would Uncle Sam know about this other than it showing up on his/her Schedule E?
Dale Osborn
Taxing Americans to Death
We fought a Revolution with England due to taxation without representation. Now, taxes will put an end to America as we have known it. By the USA creating a Central Bank - banks cannot go bankrupt. When they use up al...
Brian Camp
Picking home state for an LLC
Hi All.Is there any benefit to setting up an Single Member LLC in a state where there is no state income tax (and my current residence so I have an address) to hold properties from a state with an income tax? As oppos...
Neetu Patil
about taxes and insurance
Hi,While purchasing property should I add property taxes and insurance in monthly payment and let escrow handle that or pay once a year?Which will be beneficial?ThanksNeetu
Xing Wei
Cash flow: Texas or Florida?
Doing some research based on the latest data we collected from the market and wanted to share it with the community.
If you are looking at the cash flow, you might find it helpful.
The first chart is data for D...