James Boro
Tax consequences of Loan consolidation
Hey everyone! I'm looking for a little help and I'm hoping someone around here can provide some insight. I'll detail my situation here.
I am looking to purchase a new primary residence ASAP. I currently have 10 first...
Christopher Ballesteros
Incentives and Consequences for Tenants
Considering the supreme court is allowing the eviction moratorium to remain in place, what incentives can you offer tenants to ensure they pay their rent month-after-month?Furthermore, what consequences do you have in...
Jack B.
Cash out refinance tax consequences?
Let's say I take the money out and reinvest in another mortgaged property as a rental. I can now deduct the portion of interest expense related to the Cash out refinance as an expense for the NEW property (rather than...
Donald S.
Real Consequences of breaking lease?
Hi all, I'll be closing my first rental soon and wanted some clarification. If a tenant moves out, with or without notification, prior to their lease being over what consequences do they really face? What can I do to ...
David M.
tax consequences of depreciation recapture
I wanted to ask the forum for their two cents on depreciation recapture for residential property, I believe its formally section 1250. If you follow the straight line depreciation for 27.5 years and no accelerated de...
David F.
Rent to Own Tax Consequences
I understand that the RTO options payment portion isn't reported income for the seller and is thusly tax-free. Is that the case for a scenario where 100% of the monthly payment is credited to the buyer as equity (no ...
Nolan Gottlieb
Consequences for breach of contract?
What are my realistic options for a buyer backing out of a contract a day before closing? Lawsuit? There's no EM.
Craig Steltz
Consequence of capital gains tax
All,
Other than having to pay tax on your capital gains are there any other consequences? Can it raise your tax bracket. or have ony other impact?
If you make $1,000,000 and then pay your tax bracket amount say 25%...
Daniel B.
Consequences of Banks owning properties?
Hi,
I was wondering if anyone knows the answer to this?
What are the consequences of banks foreclosing on a house and then just holding on to it? The reason I ask is I am looking into bidding on a bank owned prop...
Gordon Burwell
Family equity pitfalls and consequences?
Hello all, I have a family member that has a decent property 4bd 2b 2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+. Now the property is free and cle...