Paul K.
Sold Vaca rental and sitting on $?
I am relatively new here but any suggestions or direction would be greatly appreciated. I sold my vacation rental in July, doubled my investment, and now have a decent amount of cash that I'm not sure what to do with...
Adam Soyak
2nd Flip-SFH-Termite Damage
Investment Info:Single-family residence fix & flip investment.
Purchase price: $50,000 Cash invested: $100,000 Sale price: $142,000Estate Sale, cosmetic upgrades with termite damage
How did you find th...
Wilson L.
Tax planning renting out rooms in a owner-occupied house
I looked over all the IRS rules regarding rental income in an owner-occupied house. After looking at everything, this is the plan I've come up with. Any pointers/tips/suggestions would be helpful.3bdrm/2ba house wit...
Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
It’s a new year! Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024? Have you set new goals for 2025? Each year, I like to take time to refl...
Justin Nagy
Live in flip without paying taxes
HiOne year ago I found a Condo being sold at probate auction only problem was you had to purchase the property in all cash. When I showed my dad the deal he decided he would purchase the condo, let me live in it and r...
Orian Rama
What happens to the Liens on a defaulted property listed on a TAX
Hello,I was wondering if someone had some insights on what happens if someone wins a property Tax auction bid on a defaulted property.I saw a property listed for tax Auction and with some more due diligence I happen t...
Chris Brown
Federal Tax Lien on Foreclosure
Good morning BP,I am looking at a property in foreclosure that has a Federal Tax Lien recorded PRIOR to the recorded date of the first mortgage. In this scenario, the Federal Tax Lien would take priority, correct? SO ...
Sandy Blanton
IRS Lien
Will an IRS Lien survive a Tax Deed Foreclosure Auction sale? I've read they "die" if not renewed after 10 years. Thanks in advance for sharing.
James Palassis
Should I Renovate My Rental Before Making It My Primary?
My wife and I are about 3 years out from retirement. Both kids will be out of the house and we are looking to downsize. We have identified one of our rental properties to be our primary residence when we do this. We h...
Michael Meates
Taxes for investing out of state
Hello everyone!!We live in NYC and interested in investing in the Cleveland market but wanted to ask advice on tax implications?? Do we pay an out of state tax on top of standard state taxes due to living in for examp...