Hi I am researching a property which is listed at foreclosure auction. This is very basic question please ignore my ignorance.It is foreclosed by lets say ABC Bank with $100,000 principal original deed date: 1/1/1999....

Recently Congress approved a legislation that will extend the first time homebuyer tax credit beyond its initial November 30 deadline and expand it to even wider group of homebuyers. Here are some facts you need to kn...

Hi all!
If I had a rental property with exactly zero cash flow at the end of the year (after paying for mortgage/escrow/insurance/maintenance/etc.), would some of my depreciation expense shield the funds that were us...

Hello,
Can I include rental loss in my tax filing for last 3 months of 2023?
thanks

One of the recent BP Podcasts I listened to made mention of a huge selling point that the guest used a lot. He said that when sellers say they want 2%, 5%, Etc, in interest on their seller financing, he reminds them t...

We financed the purchase of a home for our daughter. We are agreeable to refinancing the loan at a lower rate. The original mortgage was secured with a promissory note and a mortgage document filed with county. Can...

I wrote out a Promissory Note for a Personal Loan to a relative for $50k.The Relative works in Weston, Florida and earns 6 figures.The 1st Payment is due on Jan. 1st, 2018 but I despite trying to contact my cousin, he...

The title says it all.  I have a new Texas LLC that I've started that will be the owner of my real estate portfolio.I'm under contract to buy a condo in Sarasota, and will assign the contract to the LLC at closing.  T...

I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...

How do you guys keep track of your portfolio financials? Cash flow per unit, how much is left on mortgage per unit, etc. Lay everything out in Excel or do you use an app?