My cousin had her house appraised for $275k. She is going to sell it to me for $235k. Are there tax implications that I will have to face as a result of the discount?

I'm looking at two non-performing 1st notes with substantial unpaid property taxes that will be sold at tax lien sales in April. What is the procedure to pay the taxes as a new loan to the borrower? Where can I read u...

I have an opportunity to buy a house, but the current owner owes $14,000 on the house. I could probably buy the house for $40,000 to $50,000 (not including the taxes) and the place probably needs about $20,000 - $30,0...

Have two SFR outside the county I live in and would like to sell both properties and use gains to pay off a mortgage on another current rental closer to home. Would love advice on the best strategies, if there are any...

This is my first post folks so I hope I'm in the right place.  I sure do appreciate hearing other perspectives from all the creative minds on this forum so thank you in advance!I have a vacant parcel of commercial lan...

hello to the BP community So I have a friend that's approaching his 5th year of unpaid property taxes. He does not plan on paying either... The single family home is worth 200k. I offered to pay the taxes of 6k. what'...

I have a property that I have had for 10 years. It has increased about 150k in value and I have captured depreciation on it for 8 years. If I pay capital gains on the 150k and the depreciation pay back it will take mo...

Hi everyone, I've been trying to puzzle through the tax situation for passive investors and thought I'd ask you all for help.
It seems like the main incentives are depreciation and capital gains. An LP using depreci...

What are the cons of selling with owner financing vs. Selling conventionally?
I want to try to market to long-term owners of rental properties and see if I can buy some with seller-financing.
Thanks

Hi everyone,This is my very first post and i have a few questions. I just started listening to the bigger pockets podcasts and i am now obsessed. I love learning and trying to educate myself. It quickly became evident...