This May I saw and immediately purchased a small apartment in the heart of an old town in Europe. The apartment was nasty, but I saw what it can be with a little money and effort put in. The town is a super interestin...
Hi,I'm new to investing and want to start purchasing small multi-family units. I purchased a SFR in Corona, CA. June of 2020. I have about $150,000 equity. Should I sell and use the cash or refi with a HELOC and use t...
Question: I am taking out a cash out refi on my condo that I had originally paid in all cash. I've read that the interest from the cash out refi mortgage is NOT tax deductible UNLESS it is used for improvements for th...
I am a first time house buyer. 3 of us just made a LLC and are planning to buy our first rental property. I contacted an agent about a property and got a cashflow analysis worksheet from him. So, the property is f...
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
How much of my rental income should I set aside for taxes? I'm almost finished reading The Book On Rental Property Investing and it still hasn't mentioned any guidelines about how much tax to set aside? Maybe I missed...
I bought a place three years ago and I’m thinking about selling it for a capital gain around 20 K my gross annual income adjusted is $50-$60,000. I am trying to figure out capital gains tax and what I don’t know is if...
My friend loaned me 100% of the 15k purchase price for a fixer upper with 5k cash out for repairs.I completed the rehab with 25k from my home equity line.For his security, we put the house in his name. Option 1. Sell:...
We need 22000 to pay property taxes on property left to my girlfriend by her father. Anyone know a way to get a loan to pay the taxes? If we get the 22000, we have access to 6 properties we will sell.
Having reviewed what's previously been discussed on this forum regarding whether people list what their actual cleaning cost is vs. a reduced (or in some cases inflated) price, can anyone share if there is a tax liabi...