Francesca Perez
change of trust beneficiary in lieu of recoded sale..Miami, FL
I am a new investor and I have found a property I am very interested in purchasing for rental purposes. The current owner is suggesting to change the beneficiary on the trust to me in lieu of a recorded sale. Stating...
Chrys Steele
Short sales questions
I am new to this, so please bear with me. I live in Rochester New York and put an offer in on a home that was listed as "short Sale, bank wants an offer " last week. The seller accepted my offer and then it was sent...
Lisa Barnes
Condo faces large pond without fence - landlord liability?
I'm looking at a condo to potentially use as LTR that faces a huge pond with no fence. I hate the idea of renting to tenants with children because of the danger. If I buy it, there is no practical way I could mitiga...
Sharisse Jackson
New To REI and Interested in Auctions
Hello BP Community, This is my first post since I joined last week and I am extremely excited to get started in RE. I have been looking to invest in Baltimore as there is a lot of opportunity in the area. I plan on us...
Roy Lhanie
Paying Contractors
Do you guys 1099 your workers? I have been paying cash to my workers and im startign to get worried come tax time.. anyone else have some advice regarding this? I track expenses in an excel sheet but im not sure if t...
David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Ryan Urban
My Meeting with RE Attorney re: Subject To
I'd appreciate your input on this.
I've been looking into the Subject To strategy, but I've been concerned with the legal and ethical issues involved. So I scheduled a meeting with a local RE attorney to discuss it....
Amia Jackson
I NEEEEEED to get these people out of this house. Please HelP
Here's the deal, I'm wholesaling a property and there are some unsavory occupants. The homeowner still lives there and desperately wants to move. About a year ago, she let an older man and his wife stay for awhile. Th...
Cindy McHugh
Titles & Back Taxes on Mobile Homes in Georgia
We purchased a 56-lot MHP in Georgia on March 1, 2013. It was bank-owned for 3 years and suffered from neglect. We're trying to get it turned around and have done 11 evictions so far (of 39 occupied lots).
Th...
Saar Amit
Tax Implications of Holding Period for Property Flip in Florida
Hi everyone,
I have a few questions regarding the tax implications of flipping a property in Florida:
1. What are the differences in tax rates if I hold the property for less than one year versus more than one year?...