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I reside in Houston and have been attending sheriff tax sales on the courthouse steps for a while. I've been doing my research and normally narrow down my potential buys to about 5 properties. It seems time and t...
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Hello everyone,
I am looking to buy some rentals here in CC, TX. I came across a deal that I think I am going to move forward with. I wanted to run it by here to make sure I wasn't making a mistake. I do think I a...
I"m in the process of selling my house in Oakland, California. It is not on the market yet, but I got my first offer already this past friday. The buyer is offering me $21,000 over the listing price, listing price is ...
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Ok, so first I want to say I'm not counting my chickens until they hatch, however, as this deal gets closer to closing I am left wondering what I should do with the money. 50K profit on my first wholesale deal that I ...
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New Tax Plan Questions...So, I have a LLC and was thinking of moving my rental property out of my name and into the LLC; however, I want to completely understand the benefits. I know this is the best place to start be...
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What are business ideas that people implement that complement a large rental portfolio? I'm not nearly there yet but I think it's good to plan ahead.For example, some people start their own in house property managemen...
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I don't know about any one else - but my property taxes have increased significantly this year (50% on one of the property alone). This was totally unexpected and way out of the norm (I've had my properties for years ...
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Hi-
I have properties in several states, and I am looking for a new accountant that specializes in Real Estate Investing and can make sure that I am receiving all of my deductions.
Do you have anyone you can recomme...
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Hello All!
What are your thoughts on holding flips for just over a year to be able to take advantage of the capital gains tax (vs selling in under a year and being taxed at your ordinary income rate)?
Many people h...
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Hubby and I purchased one duplex 6 yrs ago. After mortgage payments/insurance/taxes/expenses. We are at 0 profit at best, some years have been at a loss which helped cut our personal taxes.
Want to purchase 2nd pro...