Varouj Asdourian
Section 8 Exemption for the new California Rent control law
I was doing research on the new rent control law that was enacted in California and it appears that Section 8 tenants and units are EXEMPT from the new law. Does anyone have additional information about this? Thank ...
Hardy Davis
401(k) loan for down payment?
Hi BP community. I’m working on a fix and flip deal. I am not very liquid at the moment. I have lots of saving in stocks. I also have the ability to take a $50k loan that would cover my closing costs. It would be 15 y...
Alan Langer
Real estate Deal with Tax lien
Hi,
I found a distressed seller who wants to get rid of his property.
His house appraised around 500k but the market value is more towards 440k
He owes the bank 410k and there is a 15k Tax lien on the house. The hous...
Tricia O'Brien
Depreciation - paying back after sale of a rental?
I am trying to understand how much depreciation I will have to pay back to the IRS if I sell my single family rental home that has been a rental for 5 years. Is it the full cash amount I depreciated or the amount of d...
Rodney Brown
Personal Tax Issues
Can you buy investment property if you have a Federal Tax lien filed with the County recorders office? My guess is you may be able to purchase but when you go to refinance out, that’s when the lien shows up and snatc...
Emmanuel N Okafor
How can I use equity across 11 res units without refinancing each
I have hit a brick wall in my real estate investment business. I have maxed out on rentals I can finance. I currently have 11 rentals. One is fully paid off and I just moved into a new primary house with my family. I ...
Luis Rodriguez
Issue with a tenants kid
We currently own a two family home and have a family of four living upstairs. The youngest whose around twelve years old loves to run around and bounce a ball off the hardwood floors.
We understand what we got oursel...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
Sahrish Yasin
Best credit unions
anyone have any advice on what credit unions i should use for my next investment pro
Mark Spivey
Fed Tax Lien Question
Hello Everyone!I'm planning on bidding on my first property at auction soon and started doing a recorders office search on the title.It looks like there are some hefty Federal tax liens that were filed on the same day...