John Brown
Mitigating capital gains
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other si...
Nathan Loomis
Sales Taxes on Repair Supplies?
My wife and I have just purchased our first rental property. We have an LLC and an EIN number. We are going to be making some repairs to the house. I've been doing internet research for over an hour and I'm having ...
Frank S.
Owner title costs info
I was give this info for a pre-foreclosure. I am not willing to pay for the Sellers closing costs. What do you think BP world? Any help is appreciated!
Jeff Lever
Tax Questions on Quit Claim Deed - Claim Gift of Purchase?
I've tried to make this as brief as possible to avoid boring anyone to tears, so please ask any questions you might have. I'm trying to determine the best way to structure this real estate deal with my father-in-law(F...
Greg Raymer
Why Low Commissions Are Bad for Home Sellers?
Low commissions for home sellers can be problematic for several reasons:
Reduced Marketing Effort: Low commission rates can result in reduced marketing efforts from real estate agents, who may prioritize higher-payin...
Mike Kalob
Just Went to NJ Tax Lien Sale.. Not Worth It?
So I went to my first ever NJ Tax Lien Sale couple of weeks back...
ALL of the properties sold at pretty insane premiums.. please see below - tax lien amount on left, premium bid on right..
Tax Lien..............Win...
Justin Summers
What happens if I don't spend all my 1031 funds?
Bought a house for $225k and sold it for $425k so roughly $200k in capital gains. I did a 1031, 5 months ago, and identified $800k worth of properties (200% rule) Looks like I am only going to be able to buy either ...
Peter Bronk
How to pay off borrowed downpayment when doing a 1031 exchange
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
Dane Peterson
Doc Stamps on Deed... Seller's HUD has my assignment Price...
So, I'm now on my 3rd wholesale deal and it's been a great learning experience and adventure that I'm enjoying. I've searched the forums but don't have time for hours of searching.My question for the wholesalers out ...
Aaron Moayed
NIIT - Do We Pay These?
Do we pay NIIT taxes at the time of sale if we're an investor who used a property management company (or didn't use one)? Anyone know the tax code for this?