I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule, quality of life, and more. When is changing jobs the right move, and what are the different factors at play? Today, ...
I am wanting to sell a property in the coming months and since I did a recent cash out refinance, it will probably only have $50K in equity, that I want to reinvest into the next deal.My question is, do I need to hire...
Hi everyone!
Bought a property under my name for a buy and hold. Got great interest and now I'm fielding offers.
Bought it for $110K, spent $70k in fixing it. Have 2 offers for $260K.
Now that the flip is a vi...
Hey guys,Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is...
I am in negotiations with the seller of a small apartment building (6 units). The seller has owned the property for a long time and it is fully depreciated. However, before we put pen to paper he is trying to figure...
My father wants to sell me his property for $1. It's a paid off 3 unit that I would like to 1031 exchange for something much larger and I'd like to pay him back. He wants to avoid taxation of selling it and he wants ...
Hi all, with a bit of a lull in my business, I decided to try a tax delinquency list. I noticed most of the prospects with high tax liabilities are recent owners. For example Susie Q purchased a home in 2015 and hasn...
Quick question, I’m in California and will have a sizable, capital gains tax bill owed to the IRS and the state of California in the near future. my question is how quickly does the capital gains tax liability need to...
I have a situation where I'll be selling a property that has a greater value than I'll be able to replace it with in smaller properties. It's my understanding that a portion of my gain that I'm able to reinvest withi...