Erik Pacpaco
Donating property to charity
My mom bought these vacant lot properties in Phrump, NV and Kingman, AZ 15-20 years ago thinking that they would appreciate in value. At the time of purchase, it seemed that they was promise of the place doing well an...
Sarah Donatelli
Investing with Self-Directed IRA: right 4 high-income earners?
Hello all, I'm exploring the possibility of Note Investing. My husband and I both have busy careers, and I'm looking for sources of passive income. I've read books (Turning Distress into Success; Performance Anxiety; ...
David Seale
Getting Around Tax Implcations From $50k Gift?
I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".
Andre Eakins
DELINQUENT PROPERTY TAX LIST
Hey BP! I was able to access a list of properties with delinquent property taxes in a nearby county. The list is rather extensive. Over 5,000 entries. The guy from the county office said each property listed is at lea...
Sean Dezoysa
Selling an LLC that holds title to property
Is selling a holding LLC to tranfer title to a SFH a difficult, complex transaction? I didn't think it would be that difficult but this thread seems to indicate it is, and I would like clarity into why exactly: https:...
Karen Sayre
Smart tax strategy. Capital gains on rental. Ideas wanted.
Hello all. I am new to this forum, so thanks for accepting me. I’m hoping for help brainstorming my current situation. I'm not sure if this is the right category to post in. Sorry if this is long.I bought a house wit...
Account Closed
Homestead for 21 units MF in Texas
Hi all, I have a 21 units which I am paying a lot of tax due to being in the middle of the city. Would it be possible to stay in one of the units and claim homestead on 21 units property? The property is currently hel...
Shahnaz B.
Owner Financing for an invetmest property, capital gain, 1031 ex
I have an investment property in Baltimore City/MD. I paid $90,000 for the property in 1987, it is paid for. I do not know the value of the land vs. structure at the time of the purchase nor do I remember the "closing...
Matt Daley
Out of State Investing? File a tax return?
I live in PA and have a PA LLC... I am looking at purchasing investment properties in NJ. I was curious if anyone who has done this has had to pay any sort of tax or file a NJ State return? I just want to make sure I ...
Account Closed
April 15th is 10 days away! Why Filing an extension is NOT the end of the world.
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...