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HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
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Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
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To begin I will say that if you operate in a State that requires that Landlords always be represented by a Lawyer none of my experiences or practices may apply. In our jurisdiction Landlords are not required to have l...
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Joe,
Bad news – Texas has a law that I was not aware of that prohibits wage garnishments. Please see the attached.
I’ve done a little research, and this seems to be a bad law, or at least a bad interpr...
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Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
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I just closed on a crazy deal. This is a 5 acre property with 10 single family homes, each about 850 sqft, 30 minutes from DC, and is a complete dump! Piles of trash on the sides of the road, two of the homes have bus...
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Should I save up a down payment for a primary residence, or use that money to invest in one or more rental properties? I know there are plenty of people on both sides, but I'm curious if someone here has done one and ...
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Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. I'm curious if anyone...
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I just found out about tax deed investing and want some information about buying homes for tax owed.
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Anyone have an efficient method (and economical way) to track down sellers of vacant properties?
If I don't find a better way, I'm going to take my returned letters and trash them (I'm just too ADD) - but I know there...