Michael M.
Delinquent Tax on Free and Clear Property
Property in Los Angeles County is free and clear of a mortgage but delinquent on property tax this year. Property may be subject to probate as father passed away but children are slobs and house is falling apart due t...
Mary Chen
investment property tax reporting with multiple partners
Kind of want to see if this is possible or absolutely not (I'm thinking not but just curious what others think). So my parents are doing a 1031 on their old property to buya new one. My brother and I would like to be ...
Asilkan Taspinar
Why i cash out refinance?
Im looking into flipping multi family props but all the experienced investors seems to also do a cash out refi before selling the property. I don’t understand why they do this. They are going to make a profit anyway a...
Sophia Griffies
Delaware Statutory Trust
I'm doing a 1031 exchange and considering investing in a Delaware Statutory Trust (DST) as my replacement property. I'd appreciate any feedback (pros and cons) from anyone with experience in purchasing a DST for a 10...
Account Closed
Seller offering $5000 to back out of a P & S agreement
Hi all,Hope you're having a fantastic night! I won't mention the seller here to protect their reputation since they've been really nice and our interactions have been pretty positive so far.Here's the situation:I have...
Brett Bowers
To become a RE agent or just invest?
I am at an important stage in my life where I have the option to obtain my RE agent license and begin selling within the next 6 months OR get another full time job while finishing school to save capital to invest with...
Andreas W.
Looking for letter explaining to tenant consequences of eviction
This is a long shot: A few months ago I read a post from a BP member showing a letter sent to tenants at risk for eviction. In this letter all negative consequences for the non paying tenant are explained in an easy t...
Sylvia B.
Tax on capital gains question
Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000. How much tax is owed on the gain?A. $0 because taxable ordinary income is below the threshold level of $75,...
Ryan Saldanha
Less square footage?
Just purchased a house that says 1350 square footage on the county appraiser website. House is Actually 1750 ft.² under the roof. It appears there has two rooms added as unpermitted additions. How can I get the count...
Brian Peterman
Will I incur a penalty or have a tax hit on a withdraw Roth IRA
Hey BP! Working on closing my first deal and I'm wondering if my thinking is correct. I am purchasing a 3 flat that I will be living in and this is my first home purchase. I have ~$20,000 total in my Roth IRA and I wo...