I have a foreign client who is completing a 1031 exchange, and has decided to bring extra cash to the closing table to replenish the "withheld" FIRPTA amount on the sale of the relinquished property. This will allow u...
Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...
Does anyone know if that's a real business within real estate? The webinar was through REI club. The speaker said that I can help homeowners get money back from the govt and charge the owners a fee from that refund. H...
For the last 2 or 3 (maybe 4) years, I've had a special assessment tacked onto my monthly HOA for a building repair (boiler replacement I think). I've never claimed tax deductions for this repair. Obviously, I can d...
I’ve never seen this been asked on BP and sadly it applies to me so now I’m asking it. I’m trying to buy a house hack in Miami FL, I’ve found the deal and I have about $20k saved up to do the deal my only problem is I...
I have recently consulted with both WealthFactory and Wealthability regarding tax and wealth planning. Both programs are pretty expensive. One purports to teach you how to find good advisors and the other purports to ...
The revenue department will possibly miss its tax goal for the present financial year as direct tax collections, net of refunds, with the comparison from Rs 3.7 lakh crore in the nine-month period of last year, thi...
I have both single family and vacation rentals. In my state (not sure if it applies to others), landlords are not allowed to double-dip. Example: Say the tenant's lease goes through the end of the month and they pay f...
Hello everyone! I'm a first time poster that has been in search of a great real estate investing forum, and hopefully I've found it!
One of the problems that I have when trying to look at potential properties that I'...
I had question about the mortgage interest deduction on my primary home. I understand that I can deduct mortgage interest up to $750k on my personal residence. Let's say my 1st mortgage balance is $600k and I want to ...