Redha Laafia
Redeem house after tax sale
Hello Guys,We have the opportunity to help a person we know redeem its parents house that they lost at tax sale to an investor 8 months ago.Attorneys seem to say there is a way to file a petition at the courthouse, pa...
William D.
Did not file taxes on my rental property
I own 2 properties. Live in one and rent the other. I am trying to get pre approved to purchase another property but I did not file taxes for my rental property. My broker is telling me I won’t get pre approved becaus...
Bonnie Low
Looking for advice on buying a property at auction
We've been scouring the local MLS and have even looked at a few properties brought to us by our Realtor before they hit the market, but so far, we haven't been able to buy anything because the foreclosures we've looke...
Craig Garrow
Tax benefits when selling on lease option?
This may be a silly question, but when selling a home on lease option, would I as the owner/landlord still be able to take depreciation, and write off insurance, taxes, etc?Thanks!
Jarod B.
Quarterly Estimated Tax Question
I currently own a handful of properties here in Indiana. This past tax season I was required to start paying quarterly estimated taxes. I currently have my rentals set up in a single member LLC. I know I can increase ...
John Hilyard
Income to Debt Ratio challenges
Ive been doing rentals since 2016, but just last year went into it fulltime. I have over 10 properties and all cashflow. Last year I paid myself to do the contracting work, as its something I do and enjoy. At tax time...
Lois S.
Calif SB 8, Tax on Services Bill
Sen. Robert M. Hertzberg (D-Van Nuys), introduced as SB 8 immediately after he was sworn in Dec. 1 According to the LA times, it would extend the state's sales & use tax to services. Healthcare and education serv...
Account Closed
Interesting Scenario - Tax Info Needed
Hello,I am a property investor that currently purchased an investment property in MI. I purchased the property with a investor property. I am on the mortgage and we are both on the title. Due to his debt to income rat...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Scott McGadden
Looking for next moves for long term SF rentals in the Austin and San Antonio areas
I'm looking for options for possible next moves for one or all three of our single-family rental properties in the Austin and San Antonio areas. They have low 20% ltvs and have market values in the ~350k. A local Pro...