Recently received my first K-1 from an SD-IRA syndication investment where I am considered a Limited Partner in a multifamily property in NC.
It shows a negative amount per the depreciation taken against a relatively...
My partner and I found a pre-foreclosure seller, who owes $133K on the property ($95K on mortgage, $25K on interest and the rest on fees). They need to pay off the loan by 8/22 or start accruing a $7.50 per diem ther...
I posted this in the "starting out" forum because this really isn't my area. So hopefully you can be easy on me.
If someone owns a property, and they have been set to be foreclosed on (the original filing was in J...
Good morning BP Fam,
My one-year tenants moved out and caused way too much damage to the walls of the house that I had to repaint the entire house in order to get it back to a renting shape. In accordance with MD Te...
I flip homes and I get paid from either at closing as consultant on the HUD or 1099 from my partner after closing. I currently want to show the highest income possible (future borrowing purposes) but pay as little tax...
I'm in the process of searching for my first investment property. I was wondering if the mileage I accrue while driving potential properties can be counted on my taxes? As I said, I'm not "officially" a real estate in...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $124,000
Single family house with ADU - repaired and replaced EVERYTHING
What made you interested in investing...
If you open up a HELOC from the equity on a SFH and then decide to sell the SFH a few years later what would be the monetary consequences if any? Does the HELOC prevent you from selling if you have a HELOC open on the...
Hello, I would appreciate if someone helps me understand this part of the HUD.
I'm selling my house. In the part of the HUD "Adjustments for items unpaid by seller" says on line "511 County taxes" that I have...
Hello,What are some of your standards on how much security deposit you collect for your commercial leases? Is it something based on credit score, e.g. "fair = 3 months rent, good = 2 months rent, very good+ = 1 month ...