Jim Williams
tax consequences of assignment of contract
has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?
jim
Tara L.
Buyers Representation Agreement
ALL:
Good morning. I received an email from the realtor I've been trying to work with stating that in order for them to assist me(pull cash buyers list from MLS or accomodate any other real estate assistance I'll nee...
Account Closed
multiple self directed retirement accounts
ok gang, i'm trying to wrap my head around this stuff..can i do a combination of a self directed (or solo--not sure the proper term), AND a roth (either IRA or 401k)?? I would really like the solo 401k, since from m...
Craig Herring
Tax benefits of Land contract/Seller Financing
Hi everyone! I’m trying to become more verse in seller financing/land contracts and have a few questions on the benefits for the seller. I know seller financing is attractive for sellers for the fact that instead of ...
Balakrishnan Amburayath
Owner financing and lease-to-own options
Hello,How do investors in Texas do owner-financing and lease-to-buy deals? As I understand (by reading articles online), Texas has strict laws in place that are not investor friendly around these. I am new to investin...
Account Closed
Potential Rental Property Analysis
I submitted an offer on a property in the low 60's; it is a short sale and the listing agent came back and said the bank has approved a sale price between 76-90k. So 76k is the bottom line I guess. She said they hav...
Nav Singh
Huntsville - Notice from Dept of Community Development - Code Enf
Hello members,I live in CA and bought a duplex in Huntsville, AL in Sep 2015. One of the units has been rented but the other isn't. Today I got a notice from Department of Community Development - Code Enforcement Divi...
Arif Siddiqi
Real Estate Tax question
Just had my 2018 taxes done, it was my first year as real estate investor and for better part of the year, I was working to increase my real estate knowledge base by attending both paid and unpaid seminars, reading re...
David Ballard
How Do I Build a 4-Plex in St Louis?
Hey gang,I recently bought a teardown in the Penrose district of St Louis from a bid4assets.com auction -- now that I own it and have paid the back taxes the city is sending me all kinds of letters about the dilapidat...
Ta'Quadre Tidwell
Real Estate License . Yes or No?
When I began to look into the real estate market I decided that I needed to get my license. Little did I know .. I didn’t need a license to sell and buy houses. However, I’m young and I want a steady job while I’m try...