Ethan Atkinson
Use 1031 Exchange or Hold onto Funds For Recession?
Should pay taxes or too much for a property? I have 2 weeks left to ID a property for 1031. The taxes owed would be around $15,000. Stuck myself in a situation without doing any prior marketing for deals because I w...
Elan Adler
Can someone walk me through the escrow process with wholesaling
I'm a new investor who plans to wholesale in Phoenix AZ (I know I know, its a very competitive market there -- however it's the only place I'm familiar with).So I've done a lot of research and think I understand the g...
Harry Shmelts
Seller Financing Family Sale - How Can I Purchase a $400K Home for $275k from Parent
Hello everyone,
I have a unique situation regarding a real estate transaction within my family, and I'm seeking some guidance and advice. I hope you can provide me with some insights or share any experiences you may ...
Patrick Woodard
Cash out Refi tax implications
Hi, I've been a longtime member (lurker), but this is my first post. I need some advise on what to do with the proceeds from a property I am selling. Here are the details:My business partner and I bought two fourple...
Johnny Peebles
Purchase of a Dissolved LLC in Georgia
I'm in the business of finding Real Estate Tax Sale overages (a property owner, in this case, a now dissolved LLC, has defaulted on property taxes for 5 years straight, resulting in the county selling the property, us...
Michaela Pacesova
Taxes on Land Sold Overseas
I owned a land overseas which I recently sold. The land was a gift from my father. I do not owe any income taxes in the country because I owned it for many years. It used to be my home country where I was born. Howeve...
Jason Varney
Wholesale situation - need advice
Hi all,
I have a potentially great, yet interesting wholesale situation in front of me and am not entirely sure of how the process would work given the cirucmstances. I have a motivated seller who owns an inherited p...
Susan Carman
Does REO Properties = No Liens on the Property?
Hello BP Peeps,Can someone please clarify, if REO Properties mean the bank has removed all Liens and/or money due on the property?Or does it simply mean the property did not sell at auction and the bank still owns th...
Rance Craig
Capital gains (sorry if repost)
Hi,I am in the process of selling a rental property. this was formerly my primary residence (3 of past 5 years) and has been rented for 2 years. it is paid off and I will net around $130k prior to taxes. my household ...
Alan Flores Jr
Paying taxes on the sell of a home.
Hello. So back in late April of 2013 I closed on a duplex. I lived in one side until around May of 2015 and rented out the other side. I am in the process of selling off this property to use the equity to buy a home c...