James W.
Auction of property with Multiple Loans?
Quick question - if the property in auction has lets say three mortgages open - and only one plaintiff is running in the auction - what happens to the other two loans?1 - Does the plaintiff add up three total loans - ...
Lane Kawaoka
Ideas for paying for College Expenses with Coverdell, 529s, etc
I spoke to a ate-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college...
Chris Allen
Utilizing Second Home Mortgage for STR's
I am engaged to be married, and my fiancé and I have talked about buying a second home with the 10% down and run it as a STR. My question is, if I were to purchase a second home with the 10% down in my own name prior ...
Christine Nicholas
Property Sales Gains Exemption TEXAS
Hi!We have lived and owned in our current home since Aug 20 2013. We have just purchased another home to move into. I understand you have to lived/ owned the home for 2 out of 5 years in order to be eligible to be exe...
Kristafer Nicaj
Can I benefit from a Cost Seg on existing multi-family once I have REP status
If I purchased a multi-family property in 2018 and my wife establishes REP status this year (2024), can I benefit from doing a cost seg on that property. I never did a cost seg in the past. I have been paying a lot of...
Jarred DeArmas
Tax Deed Investing in Southern California
Hey guys, I am trying to learn as much as I can about tax deeds in CA, specifically southern CA. Does anyone know if it is possible to go to the county and buy the deed before auction? Ive done some research on a part...
Tom Lipps
Purchasing Duplex with Past Due Taxes
Hi BP!,I'm buying my first duplex and am learning a lot as I go (despite all my prior research)! This particular property is a Short Sale in Cincinnati, OH and has about $2k (1 years' worth) of past due taxes on it.My...
Shahriar K.
Canadian trying to get refund from IRS on a flip
I started a discussion about the flip I did in Spokane WA, and I created a topic on that. I thought I would start a new topic on my challenges to get a refund back from IRS.The short story is I bought a property in No...
Shannon Conklin
Tax question - First Post
Hi, this is my first time posting. I have a tax question. My husband and I got lucky with our first property. We bought a home for $120k with the contingency that the woman who lived there could stay (divorce, but the...
Lillian Shi
Obtain a mortgage while you have a recorded payroll tax lien
Just got the prelim title search for a property, the owner has a recorded federal tax lien on early June 2007, that lien is attached to his property, around $110k and he obtain a mortgage by refinance his property( pr...