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Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
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Would you put your money in Syndicate or Fund? And why?
Hi Everyone,
I'm not an expert on creative financing deals, so I'm reaching out to those who are.
I have a seller who is older, does not want to deal with kicking out his tenant, fixing up and selling h...
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how would you wholesale and structure a seller finance deal on a house worth $110,000 and seller owe $80,000?
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I have a seller of a 50 unit apt complex offering seller financing with a down payment large enough to pay-off his existing note. The downpayment would equate to about 12.5% of the purchase price.
My question: Is th...
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Could the bolded part of this clause in my lease agreement get me in trouble?
"USE OF PREMISES. The Premises shall be used and occupied solely by Tenant and Tenant's immediate family, consisting of spouse and...
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Hey BP! Ive had my first rental property up for rent for a week and I'm going through my second application screening. The tennant's background and credit check passes and all minimum requirements are met. He was relo...
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So i've lived in a duplex that I had purchased 4 years ago. I've had the same tennant renting the other side during this entire period. The entire time I've taken care of all of the grass cutting maintenance on the en...
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I am 64 years old, working and am saving 401K offered my my employer. I'm planning to retire in one year but instead of depending on my 401K as my sole retirement fund, I wanted to buy a rental property to supplement ...