Tab B.
buying first house, taxes question
hello im getting ready to buy my first house, and i have a few questions. one of them is property tax. the house im looking at says that the taxes are 10k, and the mortgage payment is about 400 a month. so that means ...
Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Santiago Mejia
Invest international money in Real Estate
Hey,So my parents have some money to invest in the US (rental properties) but they don’t live in here. So the questions would be:1. If they bring the money to the country, will they have to pay taxes on it?2. Can they...
Judson Krosney
Opportunity Fund for 1031 Exchange
I have a property in Ft Lauderdale FL that is a STR. The price of the house has tripled. I am considering selling but do not want to pay the tax. I therefore considered doing a 1031 exchange yet the challenge is to...
Paul Winka
When is loan interest considered income?
I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...
Kevin Beck
bought flip with cash - whats best way to finance "rehab"
Hi new to forums, and to the world of real estate, Please excuse my ignorance if any, your feedback is greatly appreciated. I purchased my first investment property (2Fam) with cash (raised from investors)The house wa...
David Hoffman
One down more to go
I recently got married this summer and my wife and I decided to keep her townhouse locatedin DE. We currently net $250.00 off the property a month. We have about 14 k of equity in the home. Our current home we live...
Keenon Moorman
using 401k for investing
looking at having to roll over a 401k as its been time. I was looking more into using rolling it into a check book control SEP. Does anyone have any experience investing in this manner that can provide any pointers?
Mark Yuschak
Self directed IRAs for funding
I have (what I consider) a good chunk of change sitting in a traditional IRA. I'd like to use that money to fund flips (in and out in less than 120 days) and/or use it for transactional funding.
The financial adviso...
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Buying in FL...
Has anybody bought govt reo in fl, the law is a little confusing.
I think its something like the owner defaults with the taxes and you come in and pay for them and after 2yrs you own the house if they have not paid t...