Bill Gulley
WHO The IRS is watching....
Well, news flash on the Today show, number one tax cheats are contractors, second is landlords. They even have it down to geographic areas, sections of LA, Dallas, some other cities were named.
If you haven't droped...
Therese V.
Calculating Capital Gains When No Ordinary Income
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Aalok Gupta
Pros and Cons of investing in rental properties in Fort Mill, SC
I am new to investing in real estate. I am looking to buy rental properties in Fort Mill area . Please share the taxes and other cost related to rental in york county. Will it be good investment compared to looking in...
Megan Hannah
Seller financing questions.
Hi everyone, I am looking into my first deal in Portland OR, and have found some potential seller financed deals. This is all pretty new to me so I have some questions. The deal I'm looking at is and below are some of...
Jason Jacob
Inheritance of properties
We need 22000 to pay property taxes on property left to my girlfriend by her father. Anyone know a way to get a loan to pay the taxes? If we get the 22000, we have access to 6 properties we will sell.
Abdulai Hussein
I have money saved up but my taxes show no income due to writeoff
I am looking to buy my first house. I have over $20K saved up however, my 2018 and 2019 taxes that I filed showed no income due to deductions I took. Is there a way I can still qualify for a mortgage? If so which lend...
Zach Helms
Tax Advice: Building a home but need to sell due to job & health
Purchased a lot and have been building a home for my family for over a year. I relocated jobs to be closer to the new location (2.5hrs away from previous location; St. Louis to Camdenton, MO). Home is getting closer t...
Ben Rodriguez
Owner-builder advice please!
I have an opportunity to purchase five adjacent lots at a pretty decent price ($125k total), but I have no builder or rehab experience. Is taking on multiple lots too much for an inexperienced noob? How can I take o...
Rick S.
Do Co-owners Have to Deduct Expenses 50/50?
A partner and I own a rental SFR as Joint Tennants with 50% ownership each. In the past we have split all income and expenses evenly and claimed them 50/50 on each years tax returns. We sold the property in 2017 and s...
Samuel DeMass
California State sales tax on property?
I have a friend who is selling a condo in San Diego and they told me they are being hit with what they called a "State sales tax" that amounts to about 3% of sales price!To be clear, this is something separate from ca...