Shelby Mammano
Attempting to purchase property recently donated to a university
Good evening BP members! I have a fairly complex scenario and am seeking your help!I am interested in purchasing a duplex in my area that was donated to the local university in June of 2017. The property was then plac...
Paula Ratcliff
HOA board moving money from one bank account to another
I am a new Board member and need advice. Two months ago, the Board decided to get into the charitable business. There was money donated from lot owners in a fund and they chose to pay off two lot owners debt in orde...
David Sicherman
Palm Beach FL who to call to donate all contents of house?
Have a condo I'm closing on that is about 1100sqft and loaded with old people stuff that I need to clear out. Are there any charities you guys know of that will just take everything, or will they all just cherry pick...
Jake Rittenhouse
Just starting in Chicago
Hi Chicago
I got advice from my financial advisor to get an investment property late last year. My wife and I looked at Chicago neighborhoods we liked, and Monday closed on our first multi family. I have been learnin...
Nathan Gesner
My latest purchase is a charity.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $425,000
Cash invested: $90,000
This is an investment, but it's also a charity. The property consists of two reside...
Stephen R.
Lose a tax deduction for donated property?
I'm looking to pick up a property that was donated to a charity. (Actually to be more specific it seems it was quitclaimed for $10) I'm being told that the charity will not agree to my offer price because they are con...
Gus Muller
Fix and Flip #11 purchased off market using private investors.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $210,000
Cash invested: $15,000
Fix and Flip #11 purchased off market. First time using private investors. Investor...
Patrick Shep
End of year tax strategies?
What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions). I've read a lot of people will buy a property as an STR, put it into service then do a cost seg. I'm looking to...
Ryan Saulle
Buying a house with thousands of Books inside, any suggestions?
Hello BP,I am in contract with a house in Red Bank, New Jersey and supposed to close this week. I told the seller to leave behind anything she didn't want and I would take care of all the cleanup. She ended up leaving...
Jeremy A.
To take a loss? Break even? Or take a profit? -Come tax time
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...