In a somewhat confusing situation. I am headed to a tax lien auction in GA next week. One of the properties I am interested in is also in a community with HOA fees. After the time period has passed and i can foreclose...

Hypothetically, if a GP were to refinance and return let's say 50% of the initial investment to the LPs. Is that money taxed for the LPs? I would think not since it is returning a portion of their initial capital, but...

Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else.  IE, I'm setting aside 10% of total rent as a management fee...

Hi All,I am new to investing and am interested in a property in a county tax auction in CA but the property has a $15,000 HOA lien from 2012 and an additional $10,000 in fees that have built up since then. Please corr...

I'm new to BP and to RE Investing.I'm looking to get into REO Flipping, but have a few questions I'd like to ask those that have experience in this area:

(1) What are the tax implications of doing a double close ? s...

Are hoa transfer fee for rental properties tax deductible?

Hi BP Fam! Have a situation where my mom and her siblings are looking to sell their elderly mother’s single family house (who is alive and moving to a care home).There is a living trust in place. Wondering what sort o...

I have run into an issue with my taxes. I bought my owner occupied 4 plex in OCT 2014. Therefore, the VA Funding fee (around 7000$) is all tax deductible for the tax year of 2014. The "tax professional" at H&R Blo...

Paid $100,000 in 2012 for this rental to kids, they are moving. If we sell for about $200,000, we are in 15% bracket. Married $77000 income approx. What's better choice, pay the cap. Gain tax? And be done with it. Or,...

Do you have to pay Capital gains tax on your wholesale fee