Ned Carey
Tax Liens are not always as they appear.
Just got a tax lien redemption check from Baltimore City Today. City records show that this was redeemed back in April. It took 3 months to get us our money back from the city!
So what does that do to the interest r...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....
Simone Newsome
Mexico vacation rental
Hey BP!
I been looking at luxury vacation condos in Mexico. So the hotel handles all bookings, management and cleaning and split profit 70% investor-30% hotel. The Roi is between 10-13% depending on the bedrooms and ...
Vaibhav Puranik
Northwest Indiana (Lake County) Property Tax
Hi all,I was analyzing some properties in NWI. The question I was trying to answer is what's the property tax rate for the region (Lake county). Here are 5 properties from Merrillville. You can see that the tax rate v...
Jack Srimani
Expense for rental condo
Hi
I am considering expense for a small vacation condo which I plan to rent out most of the time. In such a scenario does the condo expense be shown in the expense category while filing tax. I would appreciate any fe...
Brian Plajer
Tax/financial planning services
Hello, I'm an investor, less than five properties and growing. I have heard several podcasts about the importance of a solid tax strategy. My current tax preparer does not seem to offer much of a strategy with regard...
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...
Greg Baker
Questions about tax write off's with a rental property
We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January. Which of the following can be written off? 1. Pre-purchase - Home inspection and app...
Luke Anderson
What are realistic closing costs?
Below is a work up of approximate closing fees for a property I am looking at in Annapolis. The approximate sale price is $201,000. I have done estimates using the rental property calculator tool on here and in there ...
Account Closed
Closing on January, Who pays for prior year property tax?
I will be closing on my first property in the last week of January. Do I have to pay for the prior year's property tax?