Ben Kirchner
File married jointly or separate?
My wife and I keep our financial accounts seperate, and simply share a mutual credit card that we equally contribute to for mutual expenses (mostly groceries). I purchased 2 houses with my own finances in 2017, which...
Nick Eckemoff
Mortgage Interest Tax Deduction is better than I realized?
Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...
Josh Dehmlow
A couple partners, a couple houses, some cash, a couple questions
I'm thankful for the vast amount of info here on BP. Been a reader for awhile, member for a short time and a new poster.SO... the Situation: (I will simplify numbers for the sake of clarity)Partner A (me) has 2 rental...
Logan Zanki
Wholesaling Contract with Contingency Clause
I'm trying to get all of my ducks in a row from setting a budget, having multiple marketing techniques, properly pricing and building a list of end buyers.
I think the contract will play a big factor in this ...
Matt Boerlage
Texas Operating/Management Agreement for single member LLC
Dear all, I would like to create a Single Member LLC to hold a long term rental property in Texas (I am living is Texas). Texas has no requirement for an operating agreement, but I would like to have one as I hear the...
Kip Cline
Sheriff sale redemption process
I recently purchased a home at a sheriff sale. The standard redemption is six months, but I was told that it could be shortened to one month with an affidavit of abandonment. How do I go about filing this form and sho...
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Chris Martin
quick NC eviction filing primer
For NC landlords/property... The cost for filing a summary ejectment is $96 (to clerk of court) and sheriff service per tenant is $30. Generally, you can get a court date within 10 days of filing. So if you have a "st...
Larry Ott
Past due HOA fees on just purchased property.
I recently purchased a SFR property near Ft Myers, FL at auction. It was a foreclosure property purchased through a sheriffs sale. I completed a normal title search and upon sale purchased a title policy. I have a cle...
Ryein Goddard
how to get rental income included when getting a mortgage
I have had a rental for two years about to file for the third year in taxes, but before I do that I wanted to ask how I should file.I have a lot of conflicting information in this regard and was hoping some one could ...