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Results (10000)
Angie Menegay Expenses associated with a wraparound mortgage
20 February 2013 | 14 replies

For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.

Thanks,
Angie

Andrew S. Sch E Type of property - Commercial or multi-family residence
12 February 2020 | 5 replies

Happy Friday,

Hope others are enjoying a nice night doing taxes as well. I purchased a 6 unit property (quadplex + 2 single family houses) this summer. It is zoned mixed use - residential & commercial. I p...

Lynn Henley Richard Roop - Free and Clear
23 November 2021 | 17 replies

Anyone working Richard Roop's Free-n-Clear strategy?

Lynn (FL)

William Barr FSBO out of state with tenant in place
31 January 2024 | 0 replies

If I have an out of state rental property with a tenant in place, and I want to sell it FSBO, how do I go about scheduling walkthroughs of the property with buyers? Are there any rules or restrictions in place I would...

Michael King First Listing - Questions
12 January 2016 | 9 replies

Hi everyone!
I've had my MA real estate sales license for 2 years now specifically so I could utilize the MLS for investing purposes (analyzing comps, etc.). Now I am ready to take on some listings for clients! Th...

Lee S. LLC questions
3 October 2015 | 16 replies

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

Mark Beekman LLC Sells Property -- Business Income or Capital Gains?
21 November 2011 | 12 replies

I just bought a SFH through my LLC and I'm still not sure if I'm going to flip it or rent it. One thing weighing on my decision are taxes.

If a single-member LLC owns a property, rehabs it, and sells it, are the prof...

Allison Lander Selling Gas Station in process - One question
8 May 2024 | 0 replies

Hi All
We are selling our gas station/property and provided the buyer with the past 3 years business tax returns and are doing an inspection, but I received an email form the buyer saying their banker is asking for m...

Nicholas Arcidiacono Seller Financing 101
17 August 2023 | 15 replies

Hey BP Community,Looking for details surrounding Seller Financing.... I'm still a bit confused on how it all works, especially if the seller has no mortgage on the property. What's involved, deposits, contracts, attor...

Michael Previtera Call back failed wholesale deal???
14 May 2021 | 3 replies

Please understand that I have moved on to looking for other deals and I am not active perusing a dead end. However....I have a seller that wants to sell their house but it’s in horrible condition. I ran all my numbers...