Corwyn Patterson
New to Tax Liens and Deeds
Hello I've been following this thread and have been gaining some much needed information. So if I am correct once I receive my tax certificate I can begin the possession process and current owner has 3 year redemp...
George Hadjichristou
Cross border part investor for a flip... tax questions?
Hello Everyone,First time poster but long time reader of all the good information and advice on BP.Let me pre-face this by saying that I have reached out to some cross border tax specialists, and some I am still await...
Mike Hicks
Would it be smart (or possible) to purchase your own home under your company?
I'm still in the process of doing research, if this has been discussed or is a blog post somewhere please point me in the right direction.
I want to purchase property by august, either to live in or to invest with (d...
Joshua Forde
Is there a maximum you'd spend on one single-family home?
I've been reading a lot to prepare for eventually buying my first single-family home and renting it out.In my area (50k population mostly-blue-collar city with a sizeable college population, ~$40k median income), most...
Greg Betts
Selling and building in Boise Idaho
Hello BP, looking for some advice.I bought the 3bd/2ba house as a primary residence for my family in 2012. Last year 2020 we purchased another SFH and converted the 2012 home to a rental. After a year of renting to a ...
Valerie King
Rental Property Budgeting Approaches
Once you get settled into your rental property, I assume it's important to document everything and stay super organize. What's your approach to recording monthly income, expenses, etc.? Is Microsoft Excel too simple? ...
Minna Reid
Liens at auction
Can I safely assume that all liens get wiped out at auction, including mechanics liens, back taxes, whatever?
Burt L.
What Company To Contact To Issue 1099 For My S Corporation by February 28?
For 1099s issued to yourself for your compensation of an S corp, one has until the end of February instead of the end of January. I saw an ad at BP for processing 1099s but missed who the vendor was. I also called a l...
Mitul Gandhi
Chicago Taxes ?
I am looking at some multifamily properties in Chicago and I am so confused when it comes to taxes here. I am looking at 2 properties in particular. 1 has taxes of $28K and 1 is $13K and both are in the same zip code ...
Forrest Shealy
Multi-family that lacks documentation
I have only done SF in B neighborhoods until now. I am looking at a 10 unit in a C- neighborhood. The price is great. The numbers the current owner is giving me are good enough to leave some margin for error, and ther...