Michael Plaks
EXPLAINED: 1098s and 1099s for private lenders
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...
Aaron Cheatham
wholesale short contract
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 ...
Sam Shinn
Does previous owners family have legal standing?
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...
Kevin Reilly
When and why to put my rental in an LLC
Greetings,
I am new to investing and currently have had my first rental property for almost two years now. It was my wife's house prior to our marriage and instead of selling we decided to rent the property out. We ...
Lisa Brink
Advice on fixing Primary Residence prior to starting RE Investing
Hi I purchased my primary residence in 2016. I needed an FHA loan. I am in the process of refinancing to go into a conventional loan prior to starting RE Investing. My questions are: In California can you purchase...
Terri Dyer
Will property qualify for 1031 exchange and can I take some $ out
We bought a property in January with cash. We were planning on renting it and had a couple tenants fall through. Now spring has rolled around and we saw what local houses were selling for and decided since we didn't...
Sharon Li
2/5 Rule for Sale of Two Properties While in Military
Im active duty military, and am planning on selling one of my homes (Property #1) in the next several months, which meets the 2/5 capital gains tax exclusion criteria of having both owned and lived in it for 2 of the ...
Viktoria Brown
Best entity(s) for Canadian residents investing in US RE
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use? Thank you.
Guevara M.
Should I be taking a depreciation on my rental?
I bought a rental (Town Home) back in 2004 & have been taking a depreciation so that I could get a bigger tax return. The CPA that did my taxes this year advised me that I shouldn't be taking a depreciation if I ...
Boris Psakhis
Need 1031 Exchange Recommendation
Hello,
I am a new investor and I am ready to sell my first flip which turned out to be a home run (thanks to my mentor -- and informational sites like this one)! :D
I plan to use all the proceeds from the sale ...