Joe Ramirez
Cook County Tax Exemption treatment on flip
Hi all,I recently completed my first flip and had a question about the treatment of tax exemptions on the property. In the end, I feel like I significantly overpaid.We purchased the property in late September of 2017...
Doug Webb
Buying rental home from homeowners
Hello, my fiance and I are looking to potentially purchase the home we are living in, which we are currently renting. When we sent an email to the homeowners to ask about this, we received a response in which they to...
Kevin Roberts
1st property - Help with best way to close w/ owner finance
The purchase price is $38700 and I plan on putting a down of 35% = $35545 and having the owner carry the remainder for 12 months with equal payments and 6% interest. What is the best way to close on this property incl...
Charles Heyward
Tax credit extended and expanded
The big news is here: Senate agreed on extending the tax credit! And not only that, but also to add a $6,500 tax credit incentive for the existing home owners who have owned their home for the previous five years.
By...
Tyrone Watler
Newbie wanting to pull the trigger!
Everything happens for a reason I found the bigger pockets podcast this Monday and have listened to 20 episodes already. I feel like the info that I'm getting from this podcast is amazing and is giving me the courage ...
Acton Jacobs
Newbie Q about auction.com estimated debt / liens
Hello, first post here and just getting started with learning about this field, but have come across what seems like a good opportunity and need some advice.This is an apartment in Florida in process of foreclosure; A...
Justin Norman
ADU Tax Advantages / Questions
Hello,
I am looking at building a primary residence with one of the large builders in my area. The Utah State Legislator passed a law last year overriding all HOA's allowing Primary Residences to have rentable ADU's...
Matt Devincenzo
Partnership Buyout or 1031
I'm working with a friend to explore a partnership/JV with 3rd investor who is a personal friend of his. The deals we're looking at are new development small apartment type projects (8-15 unit infill), and we're tryin...
Account Closed
Taxes on sale of rental property
I think I'll probably have to hire a CPA this year but I'm curious of getting an idea where I stand. In 2008 my (now) ex-wife and I moved out of state and converted our personal home into a rental. Since we've not liv...
Roger Gelpey
AL quiet Title time frame?
We applied for and received two tax deeds on adjoining parcels in Mobile last year and are looking into quieting the titles on them. A little context: the parcels belonged to an elderly gentleman who is now deceased. ...