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Quit Claim w/ mortgage
Say John Doe purchased a home and took out a mortgage on it. Later, before finishing payment on the mortgage, transfered his interest in the property via quit claim deed to Joe Blow.
Would the mortgage follow the ...
Jessica Pratt
Tax free income from rentals
I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The ...
Tim J
How to determine building value for depreciation
I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...
Tommy C.
4plex Land Acquisition: How much is too much?
Hi BiggerPockets,
I’m thinking of buying a piece of property in Detroit, MI (hear me out now) that could eventually house a 4plex. I know real estate investors have some negative feelings about Detroit but there are ...
Kevin Kohler
Active vs Passive investing - What is your preference and why?
Hey all,I was curious how the rest of the BP community approaches the options between investing in active opportunities versus passive opportunities in real estate investing. Active Investing - Being the leader of t...
Chris Ye
LLC payback to HELOC
We created a LLC to buy and hold rental properties. Because it is difficult for the new LLC to get bank loan, we applied a Home Equity Line of Credit (HELOC) under our own name. Our LLC has pur...
Andrew Schroeder
Tax professional Florida
Hi everyone new investor. Have my first duplex. Renovating the building myself with no tenant in place. I really need help with finding a good tax professional. How do I go about finding a tax person that has a strong...
Joe Wortham
How to avoid capital gains
Thinking of buying land and building a sfh and selling immediately after. How do developers avoid Capital gains taxes? WhAt is the best way to go about this to sell the home for a profit?
Thanks!
Ryan M.
Impact of tax reduction on property value?
We recently appealed our property tax value, we were successful which lowered our tax due by $8,000/yr. What impact should that have on the value of our commercial property (retail building)? Thanks.
Account Closed
Cleveland CPA recommendations
Hello BP friends, I’ve got a house hack duplex in West Park and a W2 job… I got my real estate license back in November as well and am looking for CPA recommendations in the area as I look to file my 2021 taxes and se...