Lenzy Ruffin
Property taxes on vacant houses
Is it possible to find out who is paying the property taxes on a vacant house? I've come across a number of properties that had clearly been vacant for years when I first found them and they remain vacant and the prop...
Huong Luu
Capital gains treatment of B&H rental under personal name
Looking for some clarification on this. I was recently told by a financial adviser (who is not an active RE investor) that the capital gains on my rental property would be taxed at 100% and would not qualify for the c...
Andy Lanyi
1031 exchange from trust to LLC, will it work
I want to set up for a 1031 of a set of apartments that are in a trust and put new apartments into an LLC. Will this work or do I have to keep the new property in the trust?
Ricardo P.
1031 question for the pros
A long term buddy of mine just informed me he had purchased a 5plex apartment in California about 7years ago in which he would like to sell now. The property gained about 350k in value(Equity). Meaning if he sells he ...
Loretta Chavez
Can't write off rental losses until I sell??
Just got our first rental property last year. We put in 25k in rehab plus it was not rented until 2017. My accountant said "Because it was over 150000 (taxable income I assume), IRS carried rental loss over to next yr...
Pedro Gonzalez
Can Someone Tell Me What Is Going On with AIG?
The Federal Reserve has provided AIG $160 Billion dollars. Is it possible that the government fears that dirty secrets would come out if the insurance giant goes under. I have a couple of questions
1. How has the bai...
Erik Gladish
Reverse Mortgage- in Forclosure
Hi Creatives!Just got off a call- the woman inherited a house that she is living in- her father owned it with a reverse mortgage and she is the successor but the company doesn't recognize her as the successor. It is n...
Brett Grabowski
Taking Title in a Different Name
I own multiple LLCs. Can I sell property in the name of one LLC and buy and take title in the name of another LLC? They are all single entity.
Clifton Jones
Question Concerning IRS Auctions
What does it mean in the IRS auction if they state "Only the right, title and interest of the Taxpayer in and to the property will be offered for sale." Is that saying that they are only selling the tax debt, but not...
Arnold Finkelstein
Alabama Tax Lien Question
When searching the state inventory in Alabama, I often find parcels that are assessed as land only, but clearly have buildings on them. If one buys a certificate or deed on these parcels, can their being incorrectly ...