Looking for advice or credible resources on understanding the tax implications of renting below fair market value (FMV).Background:I'm considering purchasing my mother's condo and renting it back to her for below FMV ...
Hi BP,We are looking to do a cash out refinance of our primary residence (no outstanding mortgage). Half of it will be to convert our garage to a granny flat for STR. My understanding is that the tax treatment is the ...
Is anyone familiar with TurboTax Premier? Was considering using it to file my taxes and was wondering if anyone had any input. I went through someone else last year which has all of my previous rental property informa...
Hello BP Community,
I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.
I'...
Hi all. This is my first post here on BP. I've been interested in getting into investing in rental properties for a long time but have never taken concrete steps to do so. I've started to get that itch again and am...
Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida. The home is in foreclosure and the judge just granted the note holder a default judgment . The back taxes are 2k as the firs...
Hi everyone. This might be a TLDR - but if you have the inclination...So I have been researching Tax Lien Auctions pretty heavily recently and I had some questions which might be simple questions, but I haven't found ...
I am relatively new here but any suggestions or direction would be greatly appreciated. I sold my vacation rental in July, doubled my investment, and now have a decent amount of cash that I'm not sure what to do with...
Hey BP Fam,
I am a current wholesaler that came across a property with a $120,000 tax lien on it. The property has 100% equity on the property but I don't really see to much profit margin for the seller, me, and the...
How does a quit claim deed closing work for tax deeds? Is it like a normal real estate closing at a title company or?? I have 2 tax deeds that I am trying to sell to another investor, they will be informed its a tax d...