Bob E.
Fire Insurance and Tax Implications
We recently had a fire at one of our duplexes in Milwaukee. The upstairs tenant started a fire an while there appears to minimal damage to the framing a total rehab looks like it will run @ 110k.
My question, sinc...
Matt Parker
TIGER grant rental property implications
I'm an out of state investor looking to acquire properties in Frankfort, KY. My property manager mentioned the TIGER grant and how it may have implications for improving properties around the 2nd street corridor. I ca...
Nick Runs
Legal implications for Sqftage discrepancy
Hello, has anyone ever heard of legal implications for sqftage being misrepresented (>20% off) in contract or post sale? Or Errors & Omission claims kicking in post sale OR as a way to get earnest money back? A...
Stephanie Boggs
Tax implications for private money
This is my first year using private money to fund my flips. Do I need to send my private money lender a 1099? Do they send one to me? Thanks for the help!
Lukas Loveland
Partial Seller Finance Tax Implications
I've got a seller that is willing to finance about half of the down payment for a property that i'd like to purchase by holding some of the equity back in the sale of the property. I wasn't certain on the tax implica...
Jack B.
Cash out refinance tax implications
Thinking of cash out refinancing some existing rentals to buy more rentals instead of deploying capital on hand. That said I'm having a hard time finding deals due to low inventory. As I understand it once I cash out ...
Serge Joseph
Outside State Wholesale Tax Implications
Being that I am based in the state of NY, it is tougher to organize wholesales due to legislation and attorneys. If I wanted to wholesale properties in an outside state, would that have any extra tax implications.Exam...
Avery Goodman
Tax implications of failed 1031
I initiated a 1031 on October 18, 2017 (a flip I owned for 4 months), and now realize it may fail. However, I've already filed a 2017 return. Will the sale be recognized by the IRS as a short-term capital gain in 20...
Andrew Banner
International Real Estate Tax Implications
Recently I formed a corporation with three others who are all Canadian in Canada and we made out first purchase. How do I go about understanding the tax implications that will come with doing business in Canada from t...
Account Closed
Tax implications in house flipping
I am partnering with my brother-in-law on a house flip. I will provide him with the cash he needs to purchase the home with seller financing, I will provide the funds to fund the flip, and we have agreed to split the...