Martin Sterling
Asset Protection and Tax Consequences
This is a bit of an Asset protection and Tax consequence question.If I buy a property for 100k (100k is my basis) , 5 years later it's worth 400k, that means I have a 300k capital gain.1 - If I sell the property after...
Joshua Chen
No money down & consequences
Are the consequences of financing a no money down deal and failing worse than the consequences of financing a deal with some of your own cash on the table and failing, as a first-timer?
Steve Burt
Consequences of Foreclosure for Landlords
Hi, I have been researching this online but have not found a definitive answer. I will try to keep the question simple though I think there are a couple of scenarios (whether you own a rental via an LLC or without one...
Eric Goodell
Consequences of gifting a property
My girlfriend's grandpa is gifting her his property. He wants to sign over the title to her free of charge.He purchased it for $63,000 in Oregon, and is 4 years short of paying it off. Now the Zestimate says it's aro...
Juan Mendoza
Legal consequences of not selling
Hello, everyone! Merry Christmas to all. Over the past weeks, I have been educating myself on everything that has to do with real estate investing. I have decided to start with wholesaling since I don't have much mone...
Roy Williams
Tax Consequences of a Foreclosure
Hello Folks, was curious to see what the tax consequences are if you have an investment property foreclosed.
Are you taxed the following year on the full amount of the debt? Are you taxed on the differential between...
Marc Winter
COVID--Unintended Consequences--Unexpected Benefits
COVD: unintended consequences, unexpected benefits
In NEPA (Greater Scranton PA area) the market was starting to heat up in November 2019. By January 2020 it was cooking—really moving along nicely—better than in man...
James Boro
Tax consequences of Loan consolidation
Hey everyone! I'm looking for a little help and I'm hoping someone around here can provide some insight. I'll detail my situation here.
I am looking to purchase a new primary residence ASAP. I currently have 10 first...
Christopher Ballesteros
Incentives and Consequences for Tenants
Considering the supreme court is allowing the eviction moratorium to remain in place, what incentives can you offer tenants to ensure they pay their rent month-after-month?Furthermore, what consequences do you have in...
Jack B.
Cash out refinance tax consequences?
Let's say I take the money out and reinvest in another mortgaged property as a rental. I can now deduct the portion of interest expense related to the Cash out refinance as an expense for the NEW property (rather than...