Frank S.
Spreadsheets: Should depreciation and taxable income be included?
Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...
Pamela Holmes
Purchase Property through Tax lien
My deal:"The owner of a 4/1 home is 2 years behind on his property tax and can't afford to pay it. I offered to write up a contract where I will pay the taxes owed and set up a payment plan with the owner. If he is in...
Marcus Moore
Tax Lien question on a property
So is it try if the irs doesnt file for taxes owed after 10 years the claim has no value or threat to deed.
Ron Mill
Anyone know about deed tax?
My wife and I have a family owned property which will be gifted to us soon. Are we obligated to pay any IMMEDIATE taxes or fees once the property is deeded over to us?
Damian Hill
Quick Claim deeds/taxes repos to start???
Hi everyone. I am an prospective investor with little (or no assets), and I have emnarked upon getting my feet wet via quick deeds! Also, sherriff repos in which you pay the taxes owed on the property and I believe yo...
Yadivis Rodriguez
Tax Deed Auction Sale
Hi everyone am in South Florida, and I was looking into doing wholesaling. I see a property on the public tax deed list that is coming up in Jan. I have done my research on the liens and property taxes owed. My questi...
Joseph Abbott
Vacant Property in Detroit
Hello All! I own a property in Detroit (48219). It has two years of back taxes owed. I do not want to sell it. Ideally, I want to rehab and rent it out. I would like a section 8 tenant. What are the non traditional wa...
Jennifer Rysdam
Taxes: flip that sells with financing vs. contract for deed
I have a property that I want to flip. I realize that I'll get hit with a lot of taxes when I sell. If I sell it on a contract for deed, with the balloon payment in 3 years, how would the taxes owed on my profit be di...
Andrew Jones
Delinquent / Sale for taxes
I looked through the the forum posts but couldn't find an answer to my question.
If someone were to buy a property from town hall, the property is for sale due to property taxes that are outstanding, does that mean t...
Cory Clay
Buying a Tax Lien Property
BP,
I am purchasing my first property and I have run into a situation that I need help with. The property is listed for $95K. The property also has an $11K tax lien on it and needs about $18K worth of rehab. ARV of t...