Jean-Thierry Aleman
Tax Question: Better to pay tenant or give rent credit?
My tenant made a minor repair I approved of which was needed. Is it better from a tax perspective to pay him or give rent credit for work done? He has done the job already and did it well. I'm trying to decide if I ...
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
Harman N.
Are rents, deposits, taxes credited or debited to the buyer?
Hi all,When buying a rental property, are the rents, security deposits, and taxes credited or debited to the buyer? I just bought two rental properties this month, and the close was handled differently:In one case, I ...
Eric L.
Credit reports/scores to exclude tax liens and civil judgements
Market Watch StoryMany tax liens and civil judgments soon will be removed from people’s credit reports, the latest in a series of moves to omit negative information from these financial scorecards. The development cou...
Mindy Jensen
Does "Credit at Closing" have any Capital Gains Tax Implication?
I need to reduce the price of my property for sale. A reduced list price means I'm paying less in Capital Gains Taxes. How would a "Credit at Closing to help with Buyer's Closing Costs" come into play?Does this also r...
Mark K.
Investing money from credit lines with tax deduction on interest
Does anyone know if we do this in a business real estate development deal iF the interest on our lines would be deductible? If not does anyone have suggestions for an investment vehicle where they would be? We have an...
Joseph Hoot
LLC's - earning credit history, tax rates vs personal, and 1031
Background: My wife and I made lots of changes in our lives over the last year (REI and non-REI related), including her going into REI full-time. Our short-term goal for 2016 was to get a business entity going, get ...
Daniel Sisto
Seized For Unpaid Property Taxes. Does Homeowner Take Credit Hit?
I have to get to the bottom of this. Have heard several different opinions on the topic. When a property is seized by the county for unpaid property taxes, does the homeowner take a credit hit? If so, how severe is th...
Megan Morgan
Repayment of 2008 First Time Home Buyer Tax Credit: HELP!
Last year we paid our first installment of our 2008 FTHBC. We took the credit in December of 2008. I lost my job in the spring of 2009. We decided in 2011 to file bankruptcy and we vacated the property in February ...
John Lindemann
Applicant has State and Fed Tax Liens on Credit Report
Good Morning BP!Thank you ahead of time to all responses!I have a large home that has been very difficult to rent in winter. Competitive pricing and tons of marketing has only brought in a small pool of applicants. ...