This question is for the rules in California. After a person gets the real estate sales license, the licensee will hang his/her license under a licensed real estate broker, before the licensee goes out to represent t...
I have a contract on a multifamily 4 unit. And I'm wanting to validate my decision to jump on this deal by seeing what you all think. This is my first investment purchase.
Listed at 279,000
Negotiated to 240,000 w/ ...
If I sell a property with a $200k gain does my $708k cost segregation loss offset that gain?For example -$708k loss+$200 gain no tax $508 k carry forward loss
Hello,Would I be double-taxed on income tax if I invest in Indiana as a CA resident? Does this happen at all (in any state-to-state taxing), or are there always credits (i.e., paying Income Tax in only one state)?
I see some foreclosures where the bidders must buy subject to the first mortgage. The auction price seems to assume that the proceeds will be applied to repay the first mortgage and the second mortgage. For example, t...
Hello BP! I am in the process of working on what I believe can be a potential great deal in Colorado, Wyoming area, but I personally do not have the funding. I am reaching out because I am looking for further knowl...
Hi BP Members!
I’m finally starting my real estate business idea and am looking for a tax person to give advice / work with.
My girlfriend and I focus on buying fixer-upper properties in Ohio to rehab them to hold l...
Hello all!!!
My name is Hydee and I'm new to the real estate business. I own my own home and I'm looking to own some rental property in Jacksonville, Fl. I want to be able to do this parttime because I have a...
Would it be fair to assume that most properties that go to tax sale are owned free and clear vs having a mortgage? Because I don't see how/why a mortgage lender would allow a property that is delinquent to go to aucti...
Just closed on a home in December. This was before I knew anything about real estate investing and just wanted a nice rental. Well to me at the time it was just a nice home in a nice neighborhood. Now that I have actu...