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Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...
Hi,A year ago we sold our house that we had lived in for 5 years and made about 260K. We invested some of that on a rental property and built another house. We want to sell the new house and because we were the gene...
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Does anyone have any experience investing in tax liens through Quest Property Associates? I don't see any forum posts on this company. Apparently you set up an investor account with them and they do all the leg work (...
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My wife and I are wanting to sell our first rental. We bought it 5 years ago (October 2015) and lived in it the first 2 1/2 years. Can anybody help me with our capital gains tax situation? As I understand it we can re...
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Hey BP community! I thought I would bring this question to all of you to learn from those that have purchased hundred year old homes in the past. I have a friend that wants to sell one of their homes in the historical...
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I am currently in process of acquiring my first property in Compton, 2 bd 1 bath, 800 S.F with a 5000+ lot & 2 car detached garage. The property needs approx. $60K in repairs, so def in need of some remodeling, bu...
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Hey all,Just had a general quick question.. What is the income requirements for a cash-out refinance on a property? More specifically, how many years of tax returns is needed to be shown to qualify for a cash-put refi...
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I recently received an application from someone who is self-employed. They are claiming significant income but I have no company to call other than the applicant herself. Should I request a tax return, bank statement,...
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So I've been reviewing detailed property tax info and I came across a document that is sometimes included on the website I use. It lists addresses, land price, improvements and the total property tax on the far right ...
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Scott Trench's new article Millions of Americans Should Keep Their Homes as Rentals, Not Sell. Here’s Why. (biggerpockets.com) is inaccurate:"Many readers who are familiar with real estate investing and primary re...