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Hey, y'all. So we are planning to buy a foreclosure within the next week from auction.com, and I have been extremely confused regarding title insurance. We plan to purchase title insurance and use our own title compan...
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My wife hates our CPA. We don't get much advice, he's disorganized, and the last straw was him sending out a group email to 200+ clients exposing everyone's contacts! That's like a 1998 internet mistake. I would never...
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Here is my situation - I made significant losses on 1256 contracts this year and here is my sample scenario. 2022 year - Long term capital gains - 24,000- 1256 contracts losses - 140,0002021 year- long term gain - 110...
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I've noticed two properties in my town that are going to be auctioned at a tax deed sale next week. No mortgages, but they both have substantial code enforcement liens. I'm currently trying to contact the owner to ...
I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...
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for the past three years I've been building other people's deals been saving a bankroll but as everybody knows it's kinda hard to save so I need to make moves.When you get down to it my debt to income ratio is high.My...
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Hi all,I had purchased a long term rental in 2022 with myself and spouse as the original owners. We took the depreciation on our personal tax return in 2022. We transferred the title of the property to an LLC where bo...
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I purchased a home in Florida which would be my primary house. My closing is a few days after Jan first. The home is already homesteaded by the last owners. From what I understand I can't homestead the property until ...
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I am looking at buying some surplus land in Texas, but need a better understanding of the potential liens against the property. In each county, there are properties that were not sold at auction due to a variety of re...
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At approximately 1 week before foreclosure judgment, borrower entered a 30 day extension to answer complaint. My question is, what is the typical route here? My guess is that 90% of the time this is just a stalling ta...