Tyler D.
How can I qualify for a large mortgage with low taxable income?
Currently I am trying to finance either a duplex or a 4plex, which would be 350k or 700k respectively.Of course, I want the 4plex for more units, but I'm struggling to see how I will qualify for the loan. It would be ...
Jason Prendergast
Strategy for a 1031 exchange?
We have successfully made a deal on an REO home, but have some questions on a 1031 exchange for it. The idea is to take the home (purchased for $50k), put $15-20k into it and sell it for up to $100k. 1) The purchase...
Kurt Brooks
House payment options
62,retired,zero debt. Buying 1st house monthly income fromSS and small company pension is $2720,I have $1,520,000 in a rollover IRA. My question is should I just withdraw money from IRA and buy the house, or is there ...
Idan Zur
What do you think about Buda (close to austin) tx as a market?
Buda is a rural town - 10 minutes south from Austin on the way to San Antonio. Im thinking buying a new duplex over there What do you think about the possible rent and growth of this town ?
Rudy Nieves
CPA VS ATTORNEY which do you need more?
So I have a rental property currently under my name. I’m getting ready to move it to my LLC. Should I speak to a CPA or an attorney before making any moves if so which one is more important. Thank you
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Iris Wu
1031 exchange on a property with promissory note
I have a property with a promissory note from private investors. Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. Here is the scenario.The current property pu...
Kyle Collette
Moving from Financials Advisor to Vanguard - Tax question
Question for all the savvy investors with a little tax knowledge as well.I have been looking to make the switch from my current investment portfolio into index funds. I was fortunate enough to start investing at a you...
Deepa Jan
Jarrell property advice needed
Hi All, First time investor and a newbie here. I am looking at a property in Jarrell, TX for approximately $225. But when I crunch the numbers, it doesn't sound too great. I got the excelsheet from VIP financial onlin...
Steve Christensen
Contract Assignment vs Double Close - Difference in Taxation?
If you assign a contract, never taking ownership vs double closing, is there a difference in the way you will be taxed? If so, what are those differences.