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Results (1918)
Sagnik Lahiri 1st flip ... good profit...but I'm afraid of taxes!
8 January 2015 | 7 replies

Hi everyone!

Bought a property under my name for a buy and hold. Got great interest and now I'm fielding offers.

Bought it for $110K, spent $70k in fixing it. Have 2 offers for $260K.

Now that the flip is a vi...

Michael Gansberg Am I a callous landlord? (NY State Covid eviction ban)
10 September 2020 | 5 replies

For those out of NY State, feel free to weigh in. Cuomo has extended the eviction ban, which in my layman's opinion is a public taking of private property, usually requiring the process of eminent domain. I understand...

Jeremy Morgan Potential buy with Difficult Tenant
14 January 2023 | 4 replies

Good Morning - We are looking to invest in our first property and came across an interesting opportunity. My mother put us in touch with an old family friend that is looking to sell her recently deceased father's home...

Jacob Sharp Tax implications of seller financing on small apartment building
9 September 2015 | 5 replies

I am in negotiations with the seller of a small apartment building (6 units).  The seller has owned the property for a long time and it is fully depreciated.  However, before we put pen to paper he is trying to figure...

Ben Gonzalez Tax on Note Income - Installment Sales
3 February 2021 | 3 replies

Hi all,
I was hoping I could get some general info about taxes from note income and how it's supposed tp be handled.
I'm getting into creative financing, and plan to originate several notes (yes, I'm aware of Dodd-F...

Brian Lenz Rent to Own behind on payments
4 January 2016 | 18 replies

I have an opportunity to lock up a property in Fort Worth and there is an issue that came up. The seller told me that the tenant is behind on payments.

Are there any special considerations when dealing with removing...

Domenick Cava Out of state investing and business write offs?
25 July 2018 | 20 replies

Hey everyone.  I am looking for some CPA, legal, or experienced advice on business write offs when investing out of state.  I am currently looking at out of state investing and would like to parlay that opportunity to...

Matt Smith Need Tax professional - W2 employee with 1 LTR and 1 STR
16 January 2024 | 10 replies

My fiance and I bought our first STR last year and rented on AirBNB/VRBO throughout the year.  We are both W2 employees so we should be pretty simple.We bought the STR as a vacation home and do go sometimes ourselves ...

Reid Hanley How to tenant screen Immigrant Tenants with no U.S. ID
14 February 2020 | 22 replies

I have been receiving a lot of interest in some of my rental mobile homes from Hispanic people that have recently moved to the U.S. from various Latin American countries (Central America and Mexico mostly).  Most of t...

Melissa G. Buying a home in pre-foreclosure
1 December 2008 | 7 replies

I'm trying to negotiate with an owner to buy his home that is in pre-forclosure. In your experience, how many owners are willing to make this kind of deal?

I don't know yet how much he owes on the home. I'm hoping ...