Account Closed
Using Owner-Financing As A Source of Income Investment
I'd love some input into the idea of buying cheap properties in a economically depressed area with cash, and selling them with owner financing as a means of income.
I have purchased two properties in the past with ow...
Donald Hendricks
Capital Gains Tax at 0%
Ok... I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory. I am selling because I moved out...
Fred Kahn
Is using Turbo Tax ok for rental properties
I have 2 rentals and do use a CPA for my tax returns. Is it possible to save some money using Turbo Tax? Thanks
Austin Moran
Pitfalls with purchasing notes? Due diligence
I have the opportunity to purchase a small note on undeveloped land which was purchased with the intent to clear and build. Below is my checklist. Am I missing anything critical that needs to be answered before invest...
Tony H.
Need help with depreciation
Hi BP,I cant seem to find an answer to my situation here, unless I missed it. Here is the problem. When I acquire the my duplex back in 2017, the tax assessment for the land was about 50k.I subtracted that from my pur...
Ben Gradert
Selling my primary residence
I am looking for advice on what I should do if I want to sell my home if I have not lived in it for 2 years yet. I live in Austin and the housing market is insane and I want to sell my home and move to a more affordab...
Paul Staszel
Creative Rental Property Tax Deductios
Just curious on tax deductions people utilize on their schedule E that I might be missing. To start off I have a couple of questions...Can I deduct my BiggerPockets membership?Should I deduct my full cellphone bill o...
Matthew Walker
Tax Questions about Rentals in CA
I bought a single family house with 5% down and am fixing it up while living in it with a friend. After renovating, I'd like to rent out the entire house. I can definitely manage to rent it for slightly more than all ...
Michael Glaser
County Tax Sales: How To Speak With Owners
I've noticed that a tax sale in a particular county I invest in has hundreds of properties listed on the county site. Weeks before this number starts to drop. The week of only a fraction of these homes are still on th...
Brandon Weis
Best Way to Buy Primary Residence from Family While Renting It
One of my friends recently asked me for advice, and I want to make sure there's not something I'm missing or a better option for him.
He and his wife are renting a property that his parents own. They are paying $1,1...