Eileen D.
Borrower renting out property from HML
Hi BP,My borrower is renting out the property at a note of $3k/month but meanwhile not paying me a cent in interest or the taxes on the property. Unfortunately, I'm in second position on the note so I'm hoping to avo...
David Jiang
Practical advice for seller (me) financing a land deal?
Hello, I am currently negotiating the sale of a piece of residential land to the neighbor next door and he's willing to pay 20% down while I provide seller financing for the remainder amortized over 5 years. I am gett...
Michael Cortez
SUBJECT TO PURCHASE - WHAT HAPPENS TO HOME INSURANCE?
Hi all,There's a property I'm looking at in Florida that has been on the MLS for just about 90 days. I briefly spoke to seller and got her motivation and some facts about the property. I would like to pitch a sub to d...
Feng Ye
Tornado building code enhancement?
I am looking to buy a house for rental now and living after I retire in a few years, and TN is a good choice in that there's no state income tax and culturally rich. One house in Mt. Juliet caught my attention and I w...
Lily Daudert
Sale proceeds of inherited property
My husband inherited his father's home in 2013. It sold on 12/28/15 for $161K. Would I be able to put the proceeds into a self-directed IRA to avoid being taxed on it?
Alfred Bell
Title change mid a 1031 progression...
I'm planning to create a Living Trust in the near future and get all assets, etc. into it. I know that with properties that have been and will continue to be in a tax deferred state due to 1031 rules, one is not suppo...
Brendan August
CARES Act 401k Loans
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
Marina Kedrub
1031 Exchange ideas needed
I am selling a triplex in Berkeley, CA and looking for ideas to avoid tax gain through 1031 exchange. Given how rough the multi-family market is in the Bay Area I am not ready to invest my proceeds into another buildi...
Mahmoud Y. Elhalawany
What is the total tax percentage amount on Flips in NC?
Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks
Jacob Masters
TSP/403b/457b vs. Rentals
Confused about what is the best decision for me and my family. My wife and I have access to three pre-tax retirement accounts, each of which have good low cost index fund options. I expect that we could max out all th...