interest only loan expires in May. can continue to make payment on home and rental but not making money. both are upside-down. want to stay in house. will continue to pay until i get the feeling they are trying to 'st...

Hi all, I have a question hopefully someone with some expertise may be willing to help with? Should I 1099 an investor for only the profit or should I 1099 for the initial investment and the profits?Back story... A fa...

Hello everyone.

I have a few quick questions about the first time home buyers tax credit. I am a college student looking for a place to live permanently until I finish up my last few years of college. Since the tax c...

My wife and I are approaching 2 years of ownership and use of our only home as our primary residence in which case we should qualify for full $500 exclusion of capital gains upon sale. The problem is she is not on the...

I'm checking to see about anyone who is looking at IL property taxes.Under Eligibility is the line"Either own or have a lease or contract which makes you responsible for the real estate taxes of the residential p...

I have been tracking a foreclosure for a while now. The original Trustee Sale was 3/17/08 and has been postponed until 5/16/08. I know the owner filed BK in 11/07. The property has been on the MLS for 100 days plus an...

I have uploaded a file that you might find useful. This is similar to my BRRR Calculator but trimmed down due to notes being a little more straight forward (at least from a variable/output perspective). I have certain...

Does anyone have experience negotiating a Short Payoff/ Discounted Payoff with Bank of America? NOT A SHORT SALE
I've been through all their departments including the Office of the President and they all say they don'...

Here’s my scenario:Parents have passed away and left 2 sons their primary residence (which was in a family trust). Prop 19 requires one of the sons to make the home their primary residence within a year and file exemp...

I live in Louisville, Ky, and I wondering what kind of taxes to expect on cash-flow from rental houses and apartments.