Hi all, I'm new here and have started taking the steps towards my new future, leaving the 8am to 11:30 pm IT career behind. I've started getting my ducks in a row and was hit with an idea by my banker of all people.I'...

Hello. I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members. I refinanced an investment house into a two partner llc which I am one member. We received money and sits i...

Lets assume I acquire the house 100K to keep it simple and its a 20% down payment the rest is leveraged. Lets say my mortgage is $800 and I charge my tenant $1500 a month. Taxes in Illinois are 2.8% or so so thats rou...

Do I have to pay taxes on refi money?

Hello all,

I know that asking tax questions will most likely lead to a “talk to a CPA” or “it depends” answer. But here we go anyway!......

If I do a cash out refi on a non-owner OC investment property that I own in...

I had a very unfortunate event in which I received an IRS Tax lien a few weeks ago. I am appealing the lien because I did not receive the warnings in the mail. However, it was filed in November. I promptly paid off th...

I have been reading this Forum the past few weeks and really need some advice. Because of my honesty and trustworthiness in the last 7 years in business, I have family and friends who have money that want to partner ...

I know investing in tax deeds can be a lucrative investment if your able to minimize risk. But in order to start out, how much money should I estimate to save up before I even consider auctioning for a tax deed?

Can someone tell me a bit about the 1031 process. What I mean is, I have a property I am selling and I'd like to 1031 it. Do I have to place all funds I recieve when I sell into the new property? Or, can I only pla...

Hi BP World,
Here is my situation, I currently have a 401K plan with my employer which I contribute to weekly, this plan does not have a match option.
What I would like to accomplish

I would like to borrow agains...