Jorge De Jesus
Tax assessment and reassessment
Hello BP, really hope you can help with this one!
I am in Harris County Texas, more specifically the city of Katy,TX where public works, school districts and such are part of the tax bill PLUS additional fraction of ...
Jack B.
Buyer wants to pay me cash for part of the transaction
So an East Indian couple who are techies are interested in making an offer on my house but were curious to see if I would be willing to accept part of the payment in cash. For example: If the house is $1,000,000 they ...
Justin Sellers
Starting an RE investment business looking for guidance
Hello,
I am new here and looking for any advice you could share with me on how to start up a full scale RE investment business. I have a business partner and to begin, we are looking to flip houses in the Dallas, TX...
Rick Lee
Family trust, no W2, have foreign income, want 1031 exchange
Hey everyone! Here in southern California,Los Angeles I'm a super noob and I hope I don't offend anyone for asking so much yet not providing anything of value! If there's anything I can do for anyone in Los Angeles pl...
Guy Brown
Schedule E and Multiple Properties
I have 9 rental homes which I have been entering seperately on parts A,B & C of three different pages of Schedule E on my Income Taxes. Expenses which are exclusive to a particular house are listed for that house...
Brian Jasinski
Real Estate Professional Status
Have been looking into what it takes to qualify, and reading posts from others on the subject.I now understand that even if you work in a real estate related trade or service as a W2 employee, you need to own 5% of th...
Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Michael Creamer
How to avoid personal income tax on rented 2nd home
I have a house that I have a mortgage on and it is listed in my name and I’m looking to find out information about how I can achieve better tax benefits for things like avoiding income tax for collecting rent and how ...
Jon Crosby
Equity Trust Lawsuit
Greetings All, I was recently made aware of a class action lawsuit against Equity Trust (see link here) to which one of the more disturbing claims is, that if found guilty they would essentially be considered a NON-qu...
Charles Mangum
Should I try to minimize losses if I phase out for most of them anyway?
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...