Andrew Taylor
Tax Implications of Balloon Payment?
We sold a property last year and are carrying the note. Buyer has been making monthly payments and is due to make the balloon payment in a few months. I'm wondering what the tax implications are for both the payments ...
S Penn
How to best allocate savings
Hi all,First of all - big thank you to the BP community. The knowledge I've gained so far just by lurking has been invaluable. Apologies for the lengthy post below, but wanted to include as many pertinent details as p...
Kevin Sellon
What are the best ways to get established as a 1st year investor?
Hello,I am just starting out in Charleston SC, I work as a bartender and project manager for a restaurant in downtown and am looking for a the best way to become financially independent as soon as possible. We have ab...
Aaron W.
Considering terminating contract due to uninhabitable
I have a tenant that insist on still renting my house despite water coming into the garage where I just paid to have a wall torn out that was infested with mold. I thought the problem was taken care of but no it is n...
David Zheng
Basic Self Employed Tax Questions
Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
Account Closed
Buying Mom's Home Below Market
Hello,My family and I (husband and 3 kids) live in my mom's home (dad is deceased) and she lives in a retirement community. Mom asked us to live there at a reduced rent so she didnt have to sell and since it seemed li...
Alice Liddell-Laurance
Water shut off due to "Leak" Advice Needed
First things first, this is in southern California for reference. I have been renting through Trade as a property manager for the last six years at the same property. A couple of years ago a new owner bought the prope...
James Harper
Reverse Mortgage meets Estate Planning
Hello All,
I think I have a great opportunity, but I want to make sure I deal with it the best way possible. My 63 yr old mother has a home in Santa Clarita, California that she owes $99K on a fixed 3.375% m...
Richard S.
Services for disabled tenants
I recently purchased and investment property with a ~ 15 year tenant in one of the units (section 8 voucher recipient). This tenant has suffered a medical condition resulting in a rapid deterioration in her health. Th...
Cody Morrell
How do you quit your W-2?
I was curious if anyone could help me out with answering a this question: How do you quit your W-2 through REI?I have read THE BOOK ON TAX STRATEGIES for the Saavy Real Estate Investor and it made me wonder how a lot ...