I am trying to build a checklist. What are your criteria when deciding to pull the trigger on purchasing a rental property? Red flags? Please add your own list of considerations, both major and minor.I am very new t...

I just purchased a foreclosure home a few days ago with quite a bit of IRS tax leins against it. The taxes owed are more than I paid for the house at the auction, which I don't know if that's common with IRS leins. I...

I keep hearing advertisements on the radio for buying tax liens? Has anybody had success with this strategy? How much of a pain in the rump is it to turn profit and or foreclose on properties? Any insight would be app...

Having a difficult time obtaining a list in New jersey.  Any ideas ?

Hello BP, I have a question regarding a 1031 scenario that the answer isn't perfectly clear to me and the ramifications of not spending all the money from a 1031 exchange.  I am going to round numbers to make it simpl...

I have read several threads on this, but I am a newbie and still a bit confused.We are married filing jointly with an income close to 150k last year. We own one rental property. No actual profit last year. Our monthly...

I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...

I got a letter  from IRS today, saying I didn't file 2019 tax return, and give me a penalty of $410. But I really filed by mail in March 2020.
I always filed each year's tax return by mail.
they give a contact us nu...

If I buy a condo through a tax deed sale that has a HOA balance and a balance with a monthly recreational lease are they wiped out or will is still owe after I buy property through tax deed sale?

Hello!  I apologize in advance if I'm not using the right lingo for my question.. still new at this :)I'm trying to figure out the tax implications of cashing out stock and using it to buy  property.  Even though we'v...