Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Danielle Scott
Renting and tax questions
I own a home in Little Rock AR and moved to Texas for work in June. The past three years I rented out my spare bedrooms to three other girls. I never considered it to be "income" as 90% of it went to the mortgage or r...
Jack B.
Rates too high to buy more houses
I bought four more houses last year. I was going to buy 2 more this year but 6% rates for an investment property make that cash flow negative and not worth it.That said, what to do with cash on hand? 1.2 mil liquid. P...
David Lao
Interpretation of 8582 Special Allowance for Rental RE Activities
"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...
Tyler Speelman
Real Estate Crisis Due to Mortgage Forebearance?
“REAL ESTATE CRISIS. 6 million homeowners in FORBEARANCE. Sad. Before they can receive stimulus money they need to qualify for new loan. If they lost job or lost credit they may lose home. Opportunity for investors. ...
Bruce W.
maximize 401k contributions?
I have been contributing the maximum to my 401k account, including the catch-up contribution for those over age 50. My contribution far exceeds that needed to get the maximum company match.
I wondered if this...
Tony Wooldridge
Tax DQ, How can I help? What else can I do?
Hello BP! I completed my first DMM campaign 3 weeks ago and was targeting both absentee owners as well as TAX DQ properties. I am getting ready to send out my second wave of mailers at the end of this month. I am ...
Jack Robertson
Tax Overages
Hey guys and gals I just watched an interesting webinar about these tax overages to make some cash flow I'm wondering what type of contracts it takes for this and where do you get these lists?Is it hard to do? is it w...
Nick B.
Where do motivated buyers come from?
Hello BP!Everyone knows a term "motivated seller" and a certain images may pop up in one's mind when that term is heard. But about buyers? It looks like there are plenty of those came around in the last few years and ...
Bryce Wolfe
New Build Rental
Hey everyone, I gave earnest money to a builder, and I’m supposed to close on a new build home in a month. I would lose the earnest money, but was wondering if it’s worth putting down 20 percent to cash flow 100 bucks...