Christina B.
Cleaning Costs (Actual vs. Listed)- Tax liabilities?
Having reviewed what's previously been discussed on this forum regarding whether people list what their actual cleaning cost is vs. a reduced (or in some cases inflated) price, can anyone share if there is a tax liabi...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...
Aaron Lawson
Side-Hustle Electrical Safety Inspections - Legal/Tax Liabilities
Hello All!I would like to get opinions from other BP types on side income & networking opportunity that I've stumbled into.I'm an active REI investor in Southern CA with a day job in the electrical industry; I've ...
Chad McIver
Help with tax liability of first successful flip!!
I just received a accepted contract on my first flip, in St. Louis City, MO. Happy with the way it turned out and the profits. Still have to get through inspections.
But List price $99,900, sold for $98,000...
Philip Klinck
Self Directed IRA liabilities, LLC, and tax issues
So I know I can protect my full IRA by setting up LLCs that buy property that the IRA buys. But, then the rent than comes into the LLC would be taxed and then sent to the IRA. So is there a better way to protect your ...
Gregory Patrick Strake
Transferring LP interest to Personal interest - Tax Liability
Hello BP - I have a question... Currently, I am invested in a new development syndication as an LP. The funds were invested from my LLC. Recently, we hired a CPA who advised us to invest from our personal account sole...
Izaiah Barba
How to minimize tax liability through a loan?
Hey BP! I recently just sold my first investment property that I purchased about 2 years ago. I made a good profit on the sale and I was going to do a 1031 exchange but I am in a situation where I have to help out a f...
Carter Still
Tax liability on sale of primary residence - 8 plex
I am purchasing an 8 plex from a seller who has lived in the building for 18 years. He will profit nearly $500K from the sale, and his biggest Hang up is taxes.
I’d rather buy the property clean with one payment vs ...
Scott Kirk
Change in tax liability when cosigning on a mortgage?
I currently own my personal residence out right, valued at an estimated 330k and I'd like to do a cash out refinance mortgage at 80% LTV. My current income isn't enough to quality on my own for a mortgage, but my dad...
Naeem Kapasi
Reduce capital gains tax liability from rental property sale
I was talking to a landlord who is thinking about selling her rental property in San Antonio, TX. We were talking about capital gains taxes that she will have to pay when selling her rental. The rental is worth about ...