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So I have a condo I am considering buying and flipping. I went to inspect it and found a guy living in there. Trash everywhere inside there and I don't think the electricity was on. I started talking to the guy and I...
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When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
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First post here, awesome sight,
I am interested in investing in the rental property business.
I have used some tools from this sight and other internet research to form an LLC.
I dont like the name that I used for ...
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Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
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https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate“We note this is a preliminary injunction, and we urge reporting companies to pay attention for additional...
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Hello everyone. Question so since the federal tax dead lines have been push forward what does that represent for tax liens and tax deed sales?
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Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...
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I bought a home for my mother and father to live in. My sister moved in about 5 months ago with her children. She did not have permission from me and i did not know until today. My mother kept it a secret because she ...
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BP friends,Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using s...
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Hey all! After listening to the last episode about bonus depreciation, it left me thinking about my home I recently converted form primary to rental. In the episode it was said that bonus depreciation had to be taken ...