Derek Scott
Capital Gains Tax Question
Hi, I have a motivated seller ready to sell his Mom's house in Texas. She hasn't been in the property for 5 years and has been in an assisted living facility. The property has been rented out for that period of time. ...
James Christophe
Tax Delinquent Property
STATE OF FLORIDA!If I purchase a tax delinquent property, took care of the back taxes and paid the owner a certain amount of cash for it. Is the property foreclosed and automatically mine? Or will the owner and the ba...
Steven J.
Advantages of lump sum principle payments
I recently came across a thread with the term lump sum principle payments. I've searched this term and have failed to come up with much evidence as to how it helps investors except for with tax purposes.
"I u...
Amen R.
Best way to purchase first property with 50k
Hi I am looking for suggestions on how to purchase my first investment property. I currently own my own home which is a 390k loan. I am have 50k cash ready to use on a flip or a brrrr. I was wondering if it is possibl...
Marcele Johnson
Security deposit in Chicago
For landlords in Chicago should I request a security deposit or first months rent or how does that process go?
Paul C.
Investment Interest or Passive Interest?
If I take out a loan to fund an investment in a notes fund, is the interest paid on the loan "investment interest" that goes on Schedule A or "passive interest" that goes on Schedule E?I found the following in "The CP...
Jonathan Bombaci
Fund College for through investment Property
We just welcomed our first child Baby Lily to the family and that got me thinking about college. I know this isn't an unusual thing on this site so I wanted to post my math and ask a couple questions to get some feedb...
KANE WHITESIDE
When borrowing from 401k for rental properties goes wronge?
Hey I m looking into taking a loan out from my self directed 401k to purchase some rental properties, I am trying to be as carful as possible by planning for the worst case scenario. I was curious if those who have ...
Sam Dal
Landlord holding back security deposit
FolksMy landlord held back $100 from my deposit claiming $25 check return fee since the first check got lost in the mail (don't believe they even sent it) and didn't give me a reason for the differenceMoreover, I real...
Andrew Stewart
prepaid rent tax issues
I am about to sign a lease with a tenant who is paying the whole year upfront. It is mid November and I am concerned about having 10.5 months of rental income for 2016 being on my 2015 tax return. This will raise my t...