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Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...
Would the BRRRR method work or be useful when the new refinance take in place? The new tax or fee will take a half percent fee of the loan amount.What are your thoughts?
I’m am trying to purchase my first property and sell with little to no repairs preferably to a contractor. Want something as cheap as possible. Would prefer land/location over structure.
I wanna sell my house. Use half for down payment and half to buy a food truck. Will I have to pay taxes on my equity that I cash out?
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I have been dealing with a difficult seller for a multi-family B/C+, but I think the property is priced well and has great potential. Is it reasonable to request the past 3-5 years of tax filings after I show PoFs? I ...
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Hello. To make a long story short. I sold a house#1 in November 2019 I owned the house for 15 months. After renovations I sold the house#1 for 100k in profit. In September 2019 I bought a house #2 that i want to keep ...
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Ok, so the Jefferson county AL auction was Tuesday May 23rd. I got all 3 of my bids. One was for my friend; she gave me $1200 and said find her a house. Ok, so the county does not issue tax certificates to the buyers...
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I am reading in the forum that bank and mortgage company would go after the overbid when the amount is large enough, and a question just popped: How about the home owner, who pays monthly into the escrow ? Clearly th...
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Hi all,I bought a property at Indiana in Dec 2021. I see that homestead exemptions and 65+ exemptions are still being applied to my property for my 2022 tax bill. Having bought the property in 2021, I thought, the exe...
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A seller named Al provided 80% financing on a commercial property he sold in 2008. The owner (Josh) is now selling the property and Al's loan will be paid off. Can anyone advise if there is a way to further defer the ...