Joe Minteer
Sold a rental for major profit, then bought other rentals with money.
So I finally sold a home and made a considerable amount of money. I took the money, though not all of it, and bought a number of new properties. How do you go about handing taxes with this type of situation? What k...
Rod Coleman
Help, I have a wholesale deal with taxes owed on the property how do I structure it for the buyer and the seller
Hello I am fairly new to wholesaling and i have a potential deal that has back taxes owed on it, however since i know that the buyer may be able to talk to the city and get the taxes reduced should i just write the co...
Brooke Dyer
Investing in Residential Construction?
It seems like there hasn't been much discussion about new residential construction projects and the opportunities they offer. Given the potential for high returns, customizable involvement levels, and significant tax ...
Geoffrey O'Brian
Curious 1031 Exchange Question about Basis & Depreciation
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Lubasha White
Can attorney reduce HOA liens?
Just bought the condo with HOA lien attached. Spoke to attorney, she is talking about that might reduce it up to 50%. Could anyone, please, advise is it for real, or I would rather through the money in window along wi...
Joey Wang
"Adjusted Basis" calculation
there seems to be a couple of ways to calculate Adjusted Basis. One method takes into account Costs of Sale. The other method takes into account Acquisition Cost. My question is, which should Adjusted Basis take into ...
Aaron Webster
Comprehension Question Regarding Interest Rates
My apologies for the simplicity of the question. Why exactly, does a rising interest rate diminish the appeal of owning real estate for the purpose of renting or flipping (for investors)? One can assume this is due to...
Tyler Frost
Tips on Dodging Uncle Sam
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Jasper Chong
Looking to Invest After Graduating
Hi everyone, I'm interested in investing in real estate after graduating my healthcare program in 10 months (average new grad salary in my field ~ $90,000). Currently have a healthy credit history, saving money throug...
Tony Chiha
buying a house at a lower than market value
Hello gurus!
I have a chance to buy a house at lower than market value, value about 1.2 I can buy it for 1. how can I benefit from this regarding down payment, or lowering the mortgage or other benefits? take it easy...