Husband and I have 3 rental properties between us that were we lived in separately at different points before getting married. Because they were primary residences, we had homesteads on all of them. We recently purcha...
Hey guys,
I was just curious about a situation with my family and a home loan that my parents are processing currently. Basically, they want to give us a part of the home loan which is around 50k to us children. Ho...
Hello BP,I am looking to buy my first investment deal and I had a quick tax question for anyone that might be able to help. I have been pre-approved through the traditional means (20-25% down) but I have been recently...
I have found a private money lender and she is asking me what her tax obligations will be on her profits. This will be her first time lending and my first time using private money. Any advice would be appreciated. Tha...
This is my first year using private money to fund my flips. Do I need to send my private money lender a 1099? Do they send one to me? Thanks for the help!
Hello all.I am starting to organize some hard money deals with my close friends and family. I have an LLC that I plan on purchasing the properties through, and then loaning money from the friends and family paying the...
I'm learning about tax lien properties and want to know how can find money to pay the liens on some higher tax liens. Example $20,000 to $49,000 tax liens. Thanks in advance for you help. J
So I have been in talks with someone to get private money. I have gone through purchasing the PPI and giving up 10% of the purchase price as security, as per the contract. Now the lender is telling me that there is ...
Hello everyone. I am looking for advice on private money lending as I have never used this avenue and starting to look into how it works. My biggest question is won't I lose the tax benefits of deducting loan interest...
Anyone have any insight or would like to share their experience with tax lien/deed sales and how they recouped there money? I'm trying to learn more about the process. Please be sure to note which state you are speaki...