Hopefully a tax professional can offer some perspective on this one. We are selling our primary residence and purchasing a new primary residence. Unfortunately, or current residence has not yet sold. Therefore, we ...
Those of you that are self-employed and therefore responsible for withholding your own taxes, how much of your earnings do you stash? Are there any strategies you use to earn a decent (but safe) return on the money yo...
Hi Bigger pocketers,Have a question about a multifamily a relative of mine is considering selling. I'm trying to buy it directly off of him with seller financing. Tax wise would it be better for him if I were to pay h...
Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...
If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...
Hello!Finally introducing myself after 6 months of learning with the BP Community. What a GREAT place to learn! and man, some of you are SOOO young! LOVE the energy!Perhaps I can show you what a 62 year old grandmothe...
In addition to owning a construction business my Wife and I have a couple of rentals and we are very happy being landlords. My 61 year old Father has money in his TSP that he would like to take out and he would like ...
Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
I no longer really want to do out-of-state SFRs so wanted to sell my Memphis house.
Spent about 9k on rehab from property management company, but didn't look good.Hired a realtor, he said I should spend another 16k o...