Julius Clark
Looking to House Hack?
We have all heard about house hacking. Few actually are bold enough to try it out. Even fewer utilize house hacking as a consistent tool to achieve financial freedom. Are you looking to house hack your first deal? It ...
Ross Ellington
Understanding Depreciation Tax
Hey everyone, hope all is well with you! I just want to make sure I'm getting the depreciation tax write off correct. Let me give an example to see if I got this right. If I have a property worth $300,000 and land is ...
Ondrece Love
Excess funds from tax sale
Hello,
I recently purchased a home at a Dallas Texas County Sheriff Tax sale. The property has been renovated and is now rented. I received a letter in the mail stating that there were excess proceeds and I may hav...
Scott Littlefield
Tax implication for a RTO down payment.
I have a lease agreement with the option to purchase on a house I own outright. The lessee paid me $3500 downpayment and is paying $516 a month. He has an option to purchase by the Spring of 2022 for $59,000 minus the...
Joseph Smith
New Member from (Youngstown/Cleveland) area
Hello Everyone,I have been listening to the podcast for awhile now and finally decided to make an account! I am currently a tax accountant in the Youngstown area and looking to get into rental real estate. I am curren...
Rob Cross
Reclamation of Abandoned and Dilapidated Properties Program.
Hi everyone,I recently began exploring RE investment opportunities in WV. I visted a few prospective houses, and decided older houses with post and beam would be safe investments. All of these older house always need ...
Thiago Zanetti
Accountant fees, am I paying too much?
hi,I opened a business in the USA in 2017 to sell fishing trips to the Brazilian Amazon intermediating the best outfitters. With company's profit invest in real estate in the USA.We were starting to move on when the w...
Eric Fegan
Can you 1031 with an owner Carryback 2nd Mortgage
Does anyone know if you can complete a 1031 exchange if you sell a property but carry back a small second mortgage?
For example, if you sell a property for $1mm and receive $900k in cash and carry a second mortgage f...
Aaron Ingram
Debt to Income Calculation Question
BP friends, Forgive my ignorance on bank financing and how financial institutions calculate debt to income but I am seeking a few answers. I am in the process of getting Pre-Approval for the Fannie Mae Homestyle Renov...
Johnny Weekend
Unethical property tax increase, Dayton OH
Hi everyone,
I purchased a 4 unit multifamily property in Dayton Ohio in June 2021. After a challenging start, the property has been performing reasonably well.
The property tax each half of the year for 2021-2022 w...