Hi everyone! If a house is being foreclosed on for delinquent property taxes, but the owners are deceased, what is the process? I understand probate, but if the auction is next month, does that go above probate procee...
With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!
Welcome...
What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve w...
As in, is there a tax loophole here to avoid capital gains? I know of 1031 exchanges, but this is a bit different....I took money out of some of my rentals a few years ago to buy more. Wondering if I sell some now and...
It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
So, here's the current situation with the duplex I bought last Christmas. It's been a wild ride. I don't remember all of the name changes, so let me start over.
Initially Bob lived upstairs alone, as his wife had mov...
Wondering what folks think about cashing out a Roth 401k to put that money to work in RE. I currently have a fully vested Roth 401k through my employer that has a sizable chunk of cash (definitely 2 down payments in m...
Hi BP Community, First and foremost - thanks for reading this. It means a lot to someone like myself who has just recently started on his journey. I'll cut to the chase. From all of the applicants I have for this SFH,...
I'm about to start making offers on some properties for my first fix and flip! I have already spoken to some friends and family members about partnering/lending the cash to do the purchase and rehab. Is there a standa...
I just won an eviction suit to get a non paying tenant out of my SFH. She's been there for about a year paying rent. She is not neccessarly a bad person. She hit a rough spot where her clients where not paying her. Do...