Hello there, My name is Rob and I am new to BP.  I joined because I have been lurking on here for a bit and learning as much as I possibly can about Tax Lien and Tax Deed investing. I am most likely going to pull the ...

Hi, I am new to wholesaling and was just wondering was a Tax Sale list beneficial as a strategy for wholesaling properties? I already know what a tax delinquent list.. just wanted to know because the tax sale list in ...

I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...

Well, not entirely, but you can shield more of it.

I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.

Let's say you make x a year. You ...

I talked to a seller who is ready to walk away if I can just take care of the taxes owed on the property. When I called their county Tax assessor's office to find out how much is owed. They told me even if I pay the t...

Question? Would it be beneficial or possible to execute the following:Have an investment property with lots of equity. Say I own this property (other than my primary) which I owe $50k on the mortgage, and this propert...

Hi guys,Quick question..I have W2 job and last year did around 85K gross from my job..Also in October last year I bought investment/rental property with 30% down..today my tax person told me-I owe the government $ 3,5...

My question today is the life insurance premium we are contractually obligated to carry tax deductible. Long story short, as part of a land contract we have to carry life insurance equal to or greater then the amount ...

I have a seller that has a property that she wants off of her books by year's end. She owns if free and clear but owes back taxes of 3K. She's willing to sell it just to get out of it, $3K sales price.

I want to whol...

Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. Do I owe taxes in both states even though I did not live in CA?Thanks