Charles Royale
Is it really better to incorporate in Nevada?
I hear mixed things about incorporating your business in Nevada instead of your home State. Everything from lower tax burden to reduced oversight.I've also read things about you not actually saving on taxes because of...
Mark Davis
Pennsylvania, Chester County Tax lien purchase
Good Morning BP!!!from what i understand, purchasing a property at a judicial sale wipes liens.using imaginary numbers, here is the scenario.house purchased at judicial sale for 40,000 (property worth 150,000)tax li...
Nat C.
Becoming a millionaire through tax deeds
I went to the local real estate investors meetup this week.
The featured speaker was talking about tax deed sales. He claims he became a multi-millionaire through tax deeds. He also said he made dozens of his students...
Kyle Spearin
Hidden Costs
What are some of the hidden costs associated with buying and flipping houses?
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Jose Falconett
Do back taxes & defaulted mortgage payments be in P&S contract?
If I find a motivated seller say from an advertisement that wants to sell their home because they missed tax payments and mortgage payments...Do I include that the buyer of the property will be covering these costs in...
Troy Christnacht
Can I use my HELOC for private lending to another investor?
Can I use my HELOC for private lending to another investor? I've used it to build my rental portfolio and now I'm done with that. Now I'd like to use the HELOC to private lend to a local friend builder for spec hous...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Edward Jakubiak
Rental Strategies with Daughter as a Tenant
Hi all,I tried finding this scenario on the forum and couldn't find something similar. I am buying a rental property for my 22 year old daughter to start out after college. It is a 3 BR townhouse in a vacation area....
Dennis Tierney
Cost Segregation Depreciation Uses
We came up with a couple of uses for accelerated depreciation by cost segregation. We had a failed attempt at 1031 exchange last year but were able to eventually buy an apartment building so the losses generated by th...