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Results (10000)
Jake Denning Does my lender owe me money?
5 November 2019 | 5 replies

Hello BP, I purchased my first flip back on 7/31/19 and we closed it on 10/31/19. We used a hard money lender for the purchase and they sold the loan to another company shortly thereafter we purchased. I signed all of...

Cheryl Frangipane 1st fix and flip, a lot of what not to do
16 September 2019 | 1 reply

Investment Info:

Single-family residence fix & flip investment in Ellijay.

Purchase price: $69,500

Cash invested: $110,000

Sale price: $130,000

I also received a 3/2 house in town that I rent...

Dalton Osmanski Not using a Qualified Intermediary in a 1031 Exchanges
15 January 2018 | 11 replies

I have recently come across a situation in which someone sold their investment property and didn't follow all of the 1031 exchange procedures completely ( they received the funds directly after selling their investmen...

Jonathan Smith Tax question regarding hard money loan
28 January 2018 | 4 replies

A friend and I both provided half of the capital for a hard money loan used to flip a house.  He is a real estate agent and got to list the property as part of the deal.  In addition to the interest income I received ...

Russell Grevler How to handle rental income from various properties?
12 January 2021 | 6 replies

We’ve been renting out my property in the Catskills for the past 6 months. I’ve subsequently purchased another property(hoping ready by March), but we will also be managing 2 other airbnb properties(we do not own them...

Craig McNally problem with posting Zillow FSBO
14 January 2023 | 5 replies

I tried listing my house for sale FSBO on Zillow 2 days ago and haven't received their automated verification call that was supposed to come within a few minutes.  Today I tried posting the ad again, and got the same ...

Danny Maller Inheriting Section 8 Tenant
18 April 2018 | 6 replies

I am FINALLY closing on my first rental property (3 unit) this Friday! However, back in late January when I had my inspection I learned from the current tenant that she and her family were month to month and said they...

Carole M. LLC Partnership Dissolved 2011/tax questions
19 December 2011 | 7 replies

In april 2009 a LLC Partnership was formed (50/50) between two siblings. The Partnership was dissolved June 20, 2011 with one partner (myself)selling their membership interest/share in property to the other. The rem...

Scott Levin Owner Financing, Tax minimization / Installment Sale and Recommendations for Services
18 March 2024 | 3 replies

Hi,I have a house in Denver that I have owned and lived in for the last 27+ of 30 years. I now have a renter in there who may be interested in purchasing the house from me with likely owner financing. My 250K tax bene...

JD Martin Pre-paid rent - taxable in the year accepted or year applied?
9 February 2016 | 4 replies

Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...