Wondering if any CPAs out here can chime in.I'm in the midst of selling a few of my SF houses to my tenants on a land contract.For the past couple years I have been taking depreciation while they were rented.After the...
Hi, I am trying to set up asset protection for my rental properties. My head is spinning trying to figure out who needs to be Trustee, Beneficiary, Grantor, Member, Manager for these trusts. I am hoping someone here ...
From the definitions of who/what qualifies a purchaser/purchase for the highly touted $8000 tax credit, it appears that a change in title (to the buyer's name) is what constitutes the "qualifying event". Of course th...
Hey everyone, this is a new guy question. So I’ve always been one to jump into the shark tank and then learn to swim. I have two LTR’s thanks to the VA loan and one STR all doing well. I wanted to build up some cash a...
I bought 160 acres on a contract for deed 3 years ago at a very reasonable price,[b] but with a change in circumstances, I'm struggling to make the biannual payments.
The value of land has nearly doubled since then. ...
I just put a mobile home under contract to buy. The seller has a hard copy of the title that his Dad gifted to him before he died with the intensions on removing his girlfriend from the estate. (Looks similar to a car...
I am building a new construction this summer with cash and private money. I am just an owner builder, building one by one. I know of the 90 day seasoning period in order for someone to buy the place on an FHA.
My que...
For the past month I've been communicating with the owner of a piece of vacant land in Gila County, AZ. The owner wants to get rid of the land and I want to buy it. The land has a tax lien on it, which I plan to pay o...
Hello,Was wondering if there is a better option for purchasing a free and clear property from a seller. He is suggesting a land contract. I pay taxes and insurance and he holds the deed. Balloon payment in 5 years. 4....
Hello, I am a new investor and I have decided that starting off, for now, I'd like to invest in only vacant land. Specifically, I am looking at land within subdivisions or decent areas of town that people would probab...