For most of this past year my brother and I have shared our 5 bedroom home with 3 roommates. Each spare room rents for just over $400/per month each. In about 6 months we will be looking to to complete our projects an...
Hello all,Has anyone had an experience with a listing through AirBNB.org? Are there are any known tax advantages to giving your space out for free or for a discount?I have registered my listing through their nonprofit...
I see properties with high equity or even free and clear properties pending a tax lien sale. Why don't the home owners borrow against their equity or sell their house and pay the back taxes prior to the sheriff sale? ...
I got out of the stock market in 2009 after taking a $300k loss. Ironically, I had made about the same amount by actually predicting the crash and shorting the market at the top. I thought I could predict the upturn a...
So my grandparents are getting ready to sell there house which was built by my grandfather in the 70s. I was offered to take the house and begin my first investment. The problem is the house needs major repairs, has l...
Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...
Hello all,We are considering turning our current residence into a rental when we move our family into a new home. There is over 100k in equity in the property. We recently refinanced on a 15yr for 2.75% interest with ...
Hello everyone,
I just finished listening to the audio book "Tax Free Wealth." Great book! Highly recommend! But I am realizing I may need a better accountant... Looking for recommendations on CPAs that you have had ...
I leased a condo in South Korea with a deposit of $50,000 with no monthly rent. This system is called "Jun-say" and is unique to Korea. The condo has a market value of about $70,000 and has no existing mortgages per...
A home was purchased in my parent's name a few years back in 2015. I have been the one living and paying on the house since that time and may end up selling it this year. There will be a gain from the sale. The proble...