Mike Hathaway
Tax implications on selling property in Idaho but Live in Washington
I've verified I have no capital gains tax, so that is a non-issue. My sisters and I inherited some property 1 year ago and just sold it. It's in the name of our dad's estate, which I am the executor of. How are taxe...
Gustave Stroes
Selling a 1031 Property - When is the tax paid?
Hello,When you sell a house that was purchased as part of a 1031 exchange you are obliged to pay the capital gains tax.Is this taken out through escrow or is it paid as part of your taxes the following April?Thank you...
Miranda Obermiller
Househacking Tax Preparation Advice/ Recommendations?
Hello! My partner and I just bought our first property, a lovely duplex that we have been house hacking to save money and dip our toes into the RA investing waters. We are SO looking forward to our first year of compl...
Chris Lawlor
Seller Financing 101??? Help
Hi FolksWould appreciate your help and advice. We are looking into engaging with a seller that is know to the family. We would like to suggest a seller financing situation to them. The property is one side of a duplex...
Austin Walker
Debt to Income ratio
Is debt to income ratio important when doing the Brrrr method? Once you get a renter is that enough for the bank to refinance or is debt to income also considered?I currently have my own home in my name and a HELOC, ...
Berry W McIntyre
Need advise on my first HELOC.
I was going to purchase my first rental property and I want to make sure I dont create a nightmare situation. These are my HELOC terms:
Assuming an appraised value of $225,000
1st
mortgage set up at $180,000 80%...
Colton Joseph
Best company structure for my situation?
Hello, and thanks in advance for reading!I am a real estate investor in Central Texas, and have thus far been a Sole Proprietor come tax season. We are starting a new family business constructing, and selling Spec hom...
Kenesha Lewis
Seller doesn't want to 1031- exchange or pay taxes
I have a really good deal in a hot area in San Diego.The seller is motivated, the home she inherited and it is currently vacant as she lives in another city and the last tenants moved out. I have built the rapport wit...
Travis Reed
Does owner financing count toward DTI?
Does owner financing or private loans in general count toward DTI? I imagine the lenders will not know unless you tell them? Although I guess interest paid on the loan would show up as an expense on your Schedule E in...
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...