Amanda Preston
Subdivided land- tax
Hi all!
Purchased 20 acres of bare land in 2021. Subdivided it into 2- 10 ac parcels. Sold first parcel over a year later in 2022. Sold other parcel in 2023. Did minimal work on them, added driveways to each and that...
Stanley Gray
How to minimize taxes from sale of land held by family members
My dad (50%) and I (50%) own land in FL
that has an offer on it. We want to share the proceeds three ways with the 2 other siblings, dad doesn't want any money out of it. My wife and I make about $220K and $180K adju...
David Reardon
Real Estate Partners LLC Tax Return Questions
I have a 50/50 partner in an LLC and we are rehabbing a home with an upstairs and downstairs unit. We have been renting the garage to a guy for storage and have $1250 in income for 2019, and have put about $30,000 in...
Allen Maris
Looking for Fresno investor friendly escrow company
Hi, I'm looking for a friendly and savvy company that has worked with investors in the past and will do double close and assignments.
Any recommendations is appreciated!
Danny Nikolai
Three questions for my first 1031!
Hey BP community, I'm hoping to 1031 a property from California into a state with no income tax, and am planning on relocating most of my estate into this new state over time. I have three questions about completing t...
Brandon Lee
Subject To Financing - What happens to the loan portion already paid off by seller?
Hello, I've been watching a lot of Pace Morby videos and researching online, but can't seem to find the answer to this simple question. In a sub-to deal, you are assuming the remaining payments of an existing mortgage...
Joseph Robinson
Probate Texas Help how to sell a whole with missing heirs
Hi, I'm looking to wholesale 2 deal that has a missing heir about 4 of them. I've been in contact with one of them and he can't find the others but want to sell it and he has been the only one paying the taxes on the ...
David Brown
strategies for buyer pre-foreclosures
Does anyone have a pre-foreclosure investing strategy or strategies where homeowners have equity but are unable to sell due to condition, market etc.?thanks in advance for any advice
Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...
Andrea Johnson
Purchased a Home from a Family Member-Advice Needed
Need advice: In 2012, my mom no longer wanted her house that she bought 30 years ago. She took out a second mortgage and has been making the bare minimum payment, therefore, taking her a very long time pay it off. She...