Mary Jay
how to calculate the tax after a sale of a rental
Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...
Jason Sung
Title transfer to LLC after living two years. Capital gains tax
Hi, As many of you know, there is primary home tax exemption saying 'You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 if your tax-filing status is single, and up to $500,0...
Michael Gunther
What happens to an existing lease after a tax deed auction?
If I were to get a property at a tax deed auction and then discovered that the property already had an existing tenant in an existing lease, what happens? Does the existing lease remain in effect until the end of its...
Konstantin Komkov
Will State Income Tax Lien Stay After Mortgage Foreclosure Sheriff's Sale
Good morning, I recently bought a property in Pennsylvania at Sheriff's mortgage foreclosure auction. I was bidding on a 1st mortgage. Recently I find out there was a State Income Tax Lien put on a property around 4 m...
Jerry K.
Example of a Tax Lien payoff at 16% after 7 years
I just received a check from a northern Arizona county that pays off 7 years of tax liens I hold on a vacant land parcel. I earned 16% on the money. This was a simple vacant lot that had a foundation but the home was ...
Joe Szymczak II
Pay capital gains tax after using my house as a rental?
Hello BP community! I have owned my house for over 8 years now and it has appreciated a good amount. I know that if I were to sell it outright I WOULD NOT have to pay capital gains taxes on it. However.... I would ...
Pat Hamilton
TAXES. ------> BIRT & NPT after the sale of property in Philadelphia
I just sold a nightmare property in Philadelphia and I'm bathing all my paperwork to figure out my taxes for next year. I'm trying to do it on my own, without a CPA...Does this look right? PURCHASE PRICE IN 2020: $50...
Jim Montville
Going after a home that has a tax lien already purchashed
I found a home that has been vacant for a few years due to the owner passing away.After some research I found the property has a tax lien that was bought by a company who buys a lot of them in my area.I was wonderi...
AJ Smith
PML > CDs All Day Long
12% APY for our Private Lender on this deal.
100% passively.
We borrowed the funds, we fixed the property
We sell it when it's beautified.
I love thinking about it.
Instead of sitting in a CD at 5% int...
Steeve Breton
Should I go with Creative Financing vs. Bank?
Hi All,I may be looking at my first Creative Financing deal. I have an offer accepted in the Boston area for a Mixed Use 4 unit building. I have a couple of commercial lenders willing to work with me. Alternatively,...