Assuming there is no mortgage, let's say I bought Property A 6 years ago for $200K and I decide to sell it for $350K with $20K in commission. Let's also assume there are no improvements to make the numbers easy. -Tota...
Hello, I am currently looking for advice on a reputable lender for a HELOC. I believe this is the most advantageous route for me to pull equity out of my home now. (I am open to hearing otherwise as well). I woul...
I amended my 2010 federal return for a incorrect Form 4562 item this past week. Would it be ok to file my 2011 federal return now, or do I have to wait until the IRS approves the amended return. Im pretty sure that ...
In the beginning it wasn't too hard. The property depreciation would usually shelter all the income from my rental properties. Now that these buggers are getting paid off the income is increasing and the depreciati...
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...
I'm needing help finding a bank or lender that works with self employed individuals. One that may work with your bank statements rather than tax returns..if you can help, please respond.
Whats the best way to deal with code/maintenance liens from city municipalities that are recorded as liens on REO, you know the $250/day liens. Some of these REOs im looking at are vacant since 2011 and the lien was ...
I have been managing my own rental properties for last five years and I have a full time job besides my rentals so I have never paid myself any management fee. I heard some of investors suggested I should pay myself 1...
I held a private deed of trust (5 years, balloon payment) in a friendly transaction but it was all properly recorded, etc.. I agreed to effectively a short sale: mortgagee sold property and I received all proceeds, wh...
Below is the scenario that is unfolding for us. Looking to minimize taxes and and maximize retirement funding.Appreciate any insights.-------------------------------------------------------I am part of a multi member...