Hello all, I was hoping for some feedback... My husband and I got into investing last year, we currently have 2 properties that generate a cash flow. I was wondering are there any classes that teach about rental in...
I have a 12 unit under contract that was supposed to be seller financed. The terms were 0% down for purchase price but we bring all rehab costs to escrow, 1 year term. The seller then discovers after talking with a 10...
Hi there,I purchased a property in January, which included valuable antiques- think Hoarders meets Antiques Road Show. I didn't know the value of the items when we purchased the house. Does anyone here have experienc...
Does a borrower have a capital gain tax burden as a result of a short sale?
Good day experts. I am trying to understand the tax laws and determine my tax liability for rental property that I have sold. The uniqueness of this transaction is in the fact that the property suffered a fire, and I...
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
Want to pay ZERO taxes next year? If you own real estate or are building a portfolio, there’s a good chance that you can legally keep your profits away from Uncle Sam. But you’ll need one thing before you can do so. O...
I am an investor in PA who owns two twin homes. Essentially it looks like a duplex. However it is not, as it is two separate parcels, each with their own taxes. Is it possible to Merge the properties into one duplex? ...
Looking to sell my current property for $710,000 balance remaining is $580,000. Purchased October 2021, so it has not been 2 years yet. How much percentage capital gains tax will i pay?Is the capital gains tax calcula...
Hello all ! I’m looking for advice on how to use my sdira do fund more deals. I bought a duplex in another state and own it free and clear and it’s bringing in some money back to the Ira. I want to buy more but don’t ...