Hey everyone, I just bought my first duplex and was wondering if I decide to overpay on my monthly mortgage payment, to save on interest paid over time, am I able to expense any of the over payment made against the in...

We have a room in one of the common areas that is about 150SF (15 FT by10 SF)  and I'm wondering what to do with it.It used to be a second Laundry facility but there is no real need for that in this property so we wan...

Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...

Can't seem to find this thru search. In researching tax liens for upcoming tax sales - what happens if the property is in a bank foreclosure process that has already begun? property tax liens take precedence over all ...

I'm interested in whether any of you think that your country would be better off if it used a Land Value Tax (LVT) to replace income taxes? The basic idea is the income tax is really terrible because it punishes peopl...

I just got off the phone with an heir who I contacted last week. Initially, I explained to him the situation (that his fathers property was facing tax foreclosure) and I was interested in buying his family's interest...

I have a client who has recently refinanced an apartment building that he has owned for 16 years. He is now interested in doing a 1031 Tax-Deferred Exchange. He was recently informed that he might be facing a mortga...

I have a question about sub 2 and escrow. It seems confusing to me. If you are doing a sub 2 how would the escrow work. If there is any excess funds would it be refunded to the original mortgage holder or to the...

I'll quickly introduce my situation here. My wife & I will be able to save $5,000 a month combined starting December (living in a van soon to save & pursue real estate; sounds extreme, I know..) We are both 22...

What are your guys's thoughts on taking a picture of the tenant at their move in walk through?  The owner wants pictures taken of each tenant for security reasons even though we already have copies of their ID's.  Tha...