I still have a number of potential tenant buyers asking why doesn't the monthly rent go toward reducing the selling price in a lease option deal.Here's how I explain it: Your pay a monthly rent to live in the house yo...
I just purchased a 12 unit bldg which has three corporate units. They pay between double and nearly three times market rent which is great - but LL pays for all utilities, furniture, etc.
I'm trying to brainstorm id...
Just bought the condo with HOA lien attached. Spoke to attorney, she is talking about that might reduce it up to 50%. Could anyone, please, advise is it for real, or I would rather through the money in window along wi...
We had problems with he septic tank at our rental house. It took 2.5 weeks to fully repair. We found a problem, fixed it, happened again, fixed another problem, happened again, 3rd time is a charm and it appears to ...
Does this make sense? Say someone has a house worth $250k thats complete paid off, free and clear. They want to sell it and avoid some capitol gains. So they do a cash-out Refi to put a $200k mortgage on the property ...
So today I stumble upon something new that you the reader of this post probably learned years ago. I burn some time on YouTube watching videos on paying less taxes.One popular real estate youtuber grant Cardone says d...
Hi all, as I've been getting more into real estate investing, it's become quite clear that the US tax code favors business owners and real estate investors rather than W2 employees or self-employed business owners. On...
Question for the group:Here is the scenario: I have a duplex that recently flooded in the basement from the Metro Utilities District Company (MUD) doing work in the area. 30+ homes in the area were affected with flood...
CPA'S? : I'm looking at approximately $5,500 in capital gains tax from the sale of my house. How can I reinvest the $5,500 into an investment property and legally have ZERO in taxes to pay? TIA!
I am first time home buyer in North texas and my closing is a month away. I am on the fence now worried about recession, job losses and depreciation in near future.
I know it is difficult to predict the future. Doe...