Justin Demember
Tax implications on new rental duplex
A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...
Steven Matz
Property Management in Columbia SC
Looking to connect with a quality Property Management company for apartments we are looking at purchasing in Columbia, SC. Any help would be greatly appreciated.Thanks,Steven
Andy Lanyi
How to deduct escrow costs
I am buying a new set of apartments, I trued to look up if I could deduct the cost of escrow. The answer was you have to add it to your cost biases. Not sure what that means. Does it mean you have to add it all up a...
Denise Evans
Online Alabama Tax Lien Auctions
33 Alabama counties have switched to the new tax lien auction system, and 31 of those will have online auctions this Spring. Jefferson still doing certificate auctions, but I expect that to change in the 2022 auction...
Drew Kimminau
Partnership Income and Expense (As an agent)
Hi everyone, so I have a partnership question. For the background information, I am in a partnership with my parents for buy and hold investment properties. I just recently got my sales agent licence because I want to...
William Owens
Selling Tax Certificates
I purchased a few tax certificates at the Jefferson County auction back in July. I have noticed some people on Facebook and Craigslist selling Tax Properties. Is there a market for “selling” or assigning tax certifica...
Orian Rama
What happens to the Liens on a defaulted property listed on a TAX
Hello,I was wondering if someone had some insights on what happens if someone wins a property Tax auction bid on a defaulted property.I saw a property listed for tax Auction and with some more due diligence I happen t...
Elliot Wagner
Is $4K Owner title insurance good for a 1.3M home?
We're closing on a 1.3M home in Sevier County, TN and we got quoted $4K for Owner Title insurance in our closing costs. Does this sound like a good price? On our previous purchase, we paid much less, so $4K seems like...
Everest Jordan
Closing cost sticker shock !! - $14k , this is real?
So I was given these numbers by my lender that set me up with my pre-approval letter:
Purchase Price - 350k
Down payment - 5% = $17.5k
Closing cost = $14k
Location of unit - Montgomery County, MD (zip 20874)
Is $...
Aleshanee Marman
Fees Selling Raw land in California
I am trying to get the fixed costs to sell bare land for 115K in Placer County California. Owned outright for two months. Had personal issues right after buying so need to sell it fast even though we'll pay ordinary...