Noah Barba
Cash Needed at Closing
Hey BP, just a quick question: What kind of expenses are needed to be paid in cash when purchasing a property? I know that there is the downpayment and closing costs (which include lender and third party fees). Are th...
N/A N/A
1031 exchange to rental unit
I am soon looking to sell some investment land and thru a 1031 exhange move this money into a sf or multi tenant house. Given the time restrictions on the exchange I don't feel I can spread this money across multiple ...
Chinmay J.
Tax Liens in Maryland.
A group of investors that I am associated with is considering investing in Maryland Tax Liens. I know the basics of tax lien investments, but wanted to gain some insight in two things:a) What is the qualification ...
LeAnna Bell
Closing Costs for Cash Buyer
Hello! Purchasing a home with cash and I was quoted $800 from the title company to do their normal piece but I would like to know what other fees I can expect at closing? Any prorated charges? I havent found any soli...
Dionne Coward
1031 Exchange- Seller Credit
Does the seller credit I get on my closing statement in a 1031 exchange "reduce" the purchasing expenses or do I reduce the sales price (fmv). These tax softwares do not make it clear where to enter what.
Luis Vázquez
STR in Tulum, Mexico / Host Payout
Hello new to posting in general but was seeing if anyone could help me understand the "Host Payout" receipt that I was forwarded from my property manager. I have a Villa in Tulum, Mexico and am having a hard time unde...
Nathan Mauzy
Tax on property management services?
I have three rental properties in the Houston area. My family and I recently relocated to Arizona and so we reached out to a friend who has a handyman business to ask him to property manage for us. He is asking questi...
Debra Mowery
Taxable Deduction of Deposit?
I put $50,000 down on a property that I am buying through the owner. The closing is in January. How can I deduct this on my taxes?
Melissa Man
Myrtle beach condo investment
Would it be worth it to purchase an oceanfront condo in Myrtle Beach as an investment property. With a HOA fee of close to $1000/ monthly. Condo price mid- high $200’s
Joe Wood
Reducing taxable income ideas
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.