@Amalia G. Your post in this thread"three mortgages left and 450k to spend" " I actually have A few in Austin. And though I love Texas opportunity the property taxes are a killer ! I have been trying to stay out of i...
BP,
Lots of ambiguous info out there regarding these tax matters (to be expected). If I have 6 rental properties, all under a single-member LLC, is it worth exploring the option of listing income on schedule C and t...
Hello!, I am new to bigger pockets. The wealth of information is dizzying to say the least. I am currently looking at my first rental investment. I have ran the #'s and the cash to cash return is pretty good (about 3...
I have a verbal agreement on a sale price on a SFR here in Yukon, ok. I want to pay off the existing mortgage and the seller with cash so I can brrrr the property. This is family and I know the only lean is the existi...
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...
I've heard conflicting information concerning tax law where it concerns the 800/yr fee in Ca. My broker has told me that the fee is waived the first taxable year, however I was curious as its just about time to get i...
AllI’m considering selling interest my primary residence to a partner in exchange for X% equity. I plan on moving out of the house at the same time and using the money as a down payment on my next primary. Would this...
Hi all. I'm new here and looking for potential advice on a Roth IRA situation.I am a graduate student on a fellowship stipend. This stipend is my only source of "income," and is not reported on a W-2, but the entire s...
Hello, my lender told me that he can use my business to get me a 30 year loan on a rental property.
However, if I sell my business then do I no longer qualify to buy a property in the future?
I make money in diffe...
Just wondering what people do when they come across these 2 issues that I have been having with my properties: 1) The real estate taxes jumping really high after the new assessed value comes out? We filled to have the...