Maria Bocanegra
Analyze my potential deal - seller financing and tax issues
All,I am hoping to get some feedback here w/ potential seller financing (I am the seller). I am a lawyer by trade and am generally not too good w/ understanding tax numbers, etc. I will try to keep it simple - any fee...
Brian Bellanca
Adjusted Basis of Rental Property?
Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
Mike Eichler
Navigating Poconos Townships and their STR rules broken down
Hey BP,
Preface: I wanted to get on and detail some info you should know when looking into the Poconos market. As you know, STR is an ever-growing business, and with that comes regulations and restrictions. As ...
Tyron McDaniel
You ever dealt with Green Tree Financial...
Last week I got a lead from a seller who hadn't made a payment on their B of A mortgage in 5 years which I could barely believe especially with this property being in Houston in a nice neighborhood... go figure! (Dang...
Dave G.
Calling all CPAs - Depreciation Recaputure Tax Rate
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...
Benjamin Cowles
How secured is a seller in a JV with an investor?
I'm just trying to think from the seller's POV and am trying to eliminate all road blocks. Wouldn't it be a good idea to be prepared to at least put down enough to cover a potential foreclosure?And beyond a substantia...
Bryce Bender
STR tax implications and mitigating tax impact
Hi all,I have been using my basement as an STR house hack for about 2 months, currently I'm only listing on AirBnB. It's done much better than I predicted (due to the summer months probably) and I want to ensure I hav...
Brandon Sturgill
Tax Benefits to Purchase Money Mortgage
What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files...
Edith Penaloza
Is it too late to approach a foreclosure?
I'm a new Investor in Houston, TX looking for my first property to rehab & flip. I'm looking at all these foreclosures but I'm questioning the timing. If the properties are going to be auctioned on the first Tue...
Steven Quan
Profiting from sale of home- are profits same as cash?
My condo is worth about $240k. I still owe about $160k in sum total. I realize there will be closing fees, commission fees, and whatnot. Will the profits I make from the sale be the same as cash?