Hi BP!My husband and I are getting ready to purchase our first deal. The lender needs to look over our taxes. We haven't done our taxes for 2017 yet will be filing this weekend. My husband is a 1099 employee and usual...
I purchased a house less than a year ago fro 280K. Since then it appreciated by about 20K. Also, I put in about 20K of improvements in it.What's the best way to make the transaction and minimize the tax burden? Should...
So a friend mine was approached to sell his auto body business along with the property and building. He has owned it for about 32 years and the offer is very attractive so he has been considering it as he had previous...
Are you aware of the potential elimination of 1031 Exchanges? The Biden Administration issued a $1.8 trillion plan for childcare and elderly healthcare, and one of the ways to pay for this plan is the elimination of 1...
I'm looking to bring in a partner to help me secure a deal. The plan is that he give a me cash for 20% down plus rehab costs (17k) and I return 15% to him as until I can repay his loan. In this deal I'm looking at mon...
I am looking to purchase a house from someone who has owned the property for 20+ years. Their cost basis is ~$250K and the home is now worth ~$2.5MM. This is their primary residence so they qualify for the $250K Secti...
My parents inherited 50% of my aunt's property when she passed. The house is paid off, however it is in desperate need of some repairs and maintenance. My parents would like my family to move into it after the repairs...
I have a question about the best way to hire my son to maximize tax savings for the both of us.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental propertie...
With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing emerge as the new buyer hotspots?
Got married mid-2012.
I've been buying foreclosures on the cheap, renovating them, renting them out, and then getting cash-out mortgages on them based upon my assets, credit, salary etc.
I'm curious as to whether I ...