I am planning on cashing out my 401k\457 (225k) and using those funds to purchase an approximately 1m industrial property. I then want to conduct a cost segregation study to eliminate my tax liability for the early 40...
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I am partnering up with a couple guys who have a successful rental real estate business. I will become a member of their LLC in exchange for the work that I will be performing managing all of the rental properties. ...
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My husband and I are looking at Tax Delinquent properties to buy at auction this November. From what I understand, you bid on the deliquent tax and pay it, then the owner has a year to pay that tax. If they dont at th...
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Hi Everyone,My name is Brett and I'm a brand new investor in the Central Florida area. I've been interested in real estate ever since my mid 20's when I picked up a little known book called "Rich Dad Poor Dad" and lea...
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I checked out a foreclosing property with a Title Co to see how many liens were on Title. There were three, but none were tax liens. Can I safely assume that there will be no surprises.....that is, no tax liens? Or...
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What is the largest amount of tax you have seen owed on a property at these sales? - When you purchase, do you just CURE the outstanding lien and it becomes your property?
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Hi guys, I was hoping at add a few notes to my LLC, and I had a quick question on Delinquent Property taxes on a note. In terms of analysis/due dilligence, do you account the delinquent taxes in your CLTV when analyzi...
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Hi, everyone! My wife and I are considering buying a live-in flip, but we probably wouldn’t plan to stay the full two years to get the capital gains tax exemption. If we buy it, make it our primary residence, and sell...
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When someone owes multiple years of property taxes, and goes through a bankruptcy, how is that debt handled? When I view the tax records of a property, it will show "bankruptcy" as a note but then show all the years ...
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Help-- should I do this? I just negotiated an owner financing deal that I am happy with. I like the down payment and the monthly payment. The property is distressed, and I will be getting it for a good price. He wants...