David Pimenov
High income earner taxes
Just generally speaking how much in taxes would someone living in houston, tx have to pay uncle sam if they have about 100 million usd deposited in a chase bank account even if its not for the purpose of accruing inte...
Christopher Davis
How do you enforce penalty fees?
In the spirit of “training your tenants,” how do you enforce when fees are applied due to late rent, non-compliance fees, etc. You add a fee to the monthly rent, but how do you enforce their payment? Or you bill the f...
Mike T.
Colorado Property With 2013 Tax Lien
I am currently talking to a homeowner in Colorado that has a 2013 tax lien on his property and unpaid 2014 taxes. If the homeowner (funds from closing) pays the tax lien, accrued interest on the lien and 2014 taxes. ...
Zocky Zhang
Sold my house profit tax reporting
Me and my wife bought a house in Philadelphia in 2016 when we were renting a condo in Maryland. We managed to sell the house in 2019, then immediately used part of the proceed as down payment for our new house in Ma...
James DuBois
Buying Home Before Paying Off Student Loans?
Hey, I was wondering, I'm in the process of 0 balancing all of my credit cards. The only debt I will have after that is about $8500 in student loans(DIRECT UNSUB STAFFORD LOAN), its 3 loans but the highest interest ra...
Angus Brooks
Private Equity Structures
Hey Guys,My partner and I have experience using private loans to BRRRR SFHs. We are trying to move up into small multi-family and bring on equity partners. Ideally we would bring on one-two investors to cover the do...
Bill Womeldorf
Best online banks to hold security deposits?
Hi all,I am from Massachusetts, and in this state landlords need to hold their security deposits in interest accruing accounts - Does anybody know any good online banks that provide this service? Or should I look into...
Peter Aziz
Problem with the 50% Rule
Hello, BP! I hope everybody's doing well around here. In thinking through the 50% Rule, and modeling it out in my spreadsheets, I am finding myself very uncomfortable using it. Here is the hurdle that I'm mentally up ...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,
I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and pri...
Maynhia Stott
state that offer OTC tax liens and deed
Hello, I'm new to tax liens and have pinned downed my goals for tax liens investment. I would like to concentrate on OTC liens and deed. I researched states that offer OTC with high interest rates. Can you anyone tell...