I bought this property as a primary residence for $510000 in 2009. I moved out in 2013 and started renting this property. Now the property is worth $850000. My tenant is interested in buying. we are interested in sell...
I’m in the process of buying a house for $60,000. The seller said that he would prefer to get $30,000 now (2019) and $30,000 in January (2020) in order to spread his tax liability into 2 years. Is there a way this ca...
I have a question regarding 1099 for doing property management for a broker in New York state and I am not sure of the answer so I figured I would throw it out there. I was having a discussion with someone last nig...
Do long term or short term gain affect your tax bracket. If you want to know what your going to pay in short term gains you need to know your tax bracket, but since short term is ordinary income, doesn't that change ...
looking for advise on taking equity out of a rental i want to continue to hold . Whats good whats not .tax liability, want to use for another investment but dont want to tie them together. Thanks for the help
Hi,I have an opportunity to purchase a few duplexes via seller financing. I am in the process of conversations with the seller and I want to show them some of the benefits of an arrangement like this. My question is c...
Hello fellow investors, I have 4 rental properties in my own name for a while. I still have mortgages on them. And I would like to move them into an LLC through an attorney. I have LegalZoom and LegalSheild membership...
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
hey guys -- new to the space and community, really grateful for the resource. Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my fu...
Hi, First time dealing with a NNN lease. Since all maintenance, taxes, insurance, improvements is done by the tenant, what other types of deductions are available? Thanks!