I have a tax lien in Florida and the attorney suggests that I foreclose. If I foreclose, what happens? If I do not foreclose, what happens? Thank you WW

This is one of those confusing tax issues that does not have a short answer: do I need to send Forms 1099-INT to my private lenders, and do they need to send me Forms 1098?Part 1: Forms 1098 from private lenders to in...

Hello.
Here's ny situation!!!

Is there anyway someone can.send.me your buyer and selling contract for wholesaling homes? I.have a real estate attorney and he keeps insisting I use the PA realtor contract. It's about ...

Hi BP, I'm seeking opinions not legal advice on how to proceed:I purchases a tax lien and had a deed issued in 2022. In 2023 I filed an ejectment suit. I named 2 previous owners in the ejectment suit. I was notified b...

Seems it has to be in place prior to closing, so I considered it an entrance cost...any opinions?

I am under contract to sell one of my rental properties and found out this morning my tenant in 2015 didn't pay his personal property tax on his boat, which is now being held against my property.  The lawyer said I wi...

Hello BiggerPockets!I am still a newbie real estate investor located in Minneapolis, but I have been perusing some other out of state markets with larger cash flow margins. I recently finished the Bigger Pockets book ...

I purchased a property this year with intention of renting. Someone offered me a price to purchase, so I sold it.  Owned it for 8 months.  I think I read somewhere you have to own the property for > 1 year.  Am I c...

Hello BP members,All the searches show how to report refinancing costs for a rental, but not the initial financing to buy a rental. Are they reported the same way?When I refinance a rental, all (or most?) of the closi...

Does anyone have any experience they can share regarding purchasing properties at the Cook County Foreclosure sale, I drove quire a few properties and some of them still had tenants.What has been your experience, what...