My husband and I are moving to Colorado Springs. We are selling 2 rental properties in Texas. 1st question, can we use proceeds from the 2 investment sales to purchase 1 rental/investment property?2nd we are diy'ers ...
Hello beautiful people of BP,So, I'm no CPA, but it would seem that if I do not apply my original down payment on a property towards the new purchase, it would not be taxable as it wasn't actually a gain. So if I orig...
what specific information is included in the notice of tax sale to lien holders, just sale info, or amount to redeem also ?
I am looking at a piece of property that has a tower directly adjacent to our town fire department. The property is owned by bell south mobility and they have a tower and generator. That is all this property is. It is...
Hi All,
I am working on a potential deal in the Columbus Ohio area. It's a gutted duplex with a continuous parcel behind it that has plans for a carriage house. Both are INDIVIDUALLY listed. My question is can I use ...
Hi all,
I can use some help on my first fix and hold/flip. Its a fourplex i bought at 155K. I had it appraised when I bought it and bank valued it at 170. Ive done most of the rehab already (about 25k).
Im trying...
Hello,When a property is sold, who pay the taxes, the buyer or the seller?
Anyone know how to estimate taxes on new construction homes? I’m going to purchase a new construction home and I want to estimate the taxes. Anyone know how I can estimate what e tax bill will be? This will be in Sout...
Has anyone dealt with a rent to own contract before preferably in LA? Does the agent or a real estate attorney handle the contract ? Is the agent paid commission for this?
Hello Investors!!!!!! (And CPAs)So I did a presentation the other day regarding passive investing and one of the attendees had a question regarding how are they taxed if they are part of a deal and acting as a silent ...