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Planning to sell two investment properties in CA and buy one primary residence in CA.Property 1 is listed and expected to sell in August to September timeframe (Around 150K long term profit, total sale price around 0....
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Can someone tell me if you owe more than the bank gets for your home during the foreclosure process who is responsible for the difference? Am I? Is it written off?
Thanks
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Hello Bigger Pockets Forum,
Looking for thoughts and feedback on the probability of the IRS exercising their redemption rights (during the 120-day period) to redeem a foreclosing property which has ~$1-1.3M of equity...
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Hi,I formed my LLC in February 2018 and will be filing taxes for the first time in January. I have been doing some research on changing my tax status to a C-corp and want to know if that would be ideal for me, conside...
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Hello everyone,
I just about to form an LLC in TX to do property wholesale, and I was wondering if I need to get an EIN number from the IRS for the business.
Is this kind of business taxable and I will need to file ...
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Hi guys i recently had a fire at a rental property and my policy covered actual loss of rent The adjuster pays me 80% of the maximum 12 months since its been 9 months investigating me and repairs will take longer than...
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Hi all,Just had some questions for the tax lien experts that have been around the block. I have never been to a tax lien sale and am planning on going to one in Indiana in a few weeks. I have never been to a tax lien ...
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Has anyone had this happen? Title company says they "did not estimate real estate taxes correctly" and wants $2500. Closing was a few months ago. Although I understand where they are coming from, it's a tough pill to ...
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several years ago my parent build a cabin in Montana that they estimate is worth and would sell for 750,000 to 800,000. This is there primary residence, and are married so they would be able to keep the first 500,000 ...
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Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...