Mark Spivey
Fed Tax Lien Question
Hello Everyone!I'm planning on bidding on my first property at auction soon and started doing a recorders office search on the title.It looks like there are some hefty Federal tax liens that were filed on the same day...
Max James
How Much am I Being Taxed on Rental Income in Ohio?
Hi! First off, please forgive me for my level of tax ignorance. My friend asked me this question who is looking to get into REI and I honestly could not answer it. That's what BP is for :-).If I am grossing $2,000 ...
Stacy Tring
Depreciation recapture rate + offset from capital losses
Hi all,Spent all morning trying to research this and get conflicting answers, so let's try the BP hivemind.1) Is depreciation recapture ALWAYS taxed at 25%, or is it taxed at your ordinary income rate UP TO 25%? I've ...
Justin R.
Issuing 1099s or K-1s
A couple years ago, I bought and re-positioned a small MFR property. I allowed two extended family members to participate and invest some capital in exchange for a minority share of the property. This was documented...
Dennis Maynard
Alabama, Georgia, Tennessee, Kansas, Nevada - looking to network
Hi Everyone, I’m looking to network with property manager / agents in Alabama, Georgia, Tennessee, Kansas, Nevada. I’d like to get the sense of some of the markets there. I’m looking for groups and people who already ...
Rhett P.
Tax Deeds with Mortgages?
How can I find out if the title on a tax deed is owned by a private individual or if it was financed by a bank? Also, after you buy a deed is there a chance that the bank can take it from you if there is a mortgage st...
Account Closed
Self-Directed IRA LLC Bank Account Question
I wish to start an IRA LLC with two bank accounts. One with pre-tax funds from a 401k roll-over and the other with post-tax funds from a ROTH IRA. Does the IRS require two separate LLC's to manage the pre and post t...
Jan Lee
In calculating CAM, does Operating Cost usually include Property Tax?
Hi
I have a question regarding calculation of Administrative cost. The lease states that the tenant is to pay 15% of "all of the foregoing costs as an administrative expense" under the "operating costs". Would this i...
Travis Bowen
HELOC availability on a rental
Can you get HELOC on rental property or is it only on Personal homes?
Sean Kruger
1031 exchange question
Hello BP, I have a question regarding a 1031 scenario that the answer isn't perfectly clear to me and the ramifications of not spending all the money from a 1031 exchange. I am going to round numbers to make it simpl...