Rebecca Cramer
"Schedule E" HELP for tax illiterate newbie!! :)
Hi friends! I am finally getting to my 2018 taxes and we bought our first short term vacation rental property in 2018. We have receipts galore and trying to fill out our "schedule E" and I have a lot of questions. Our...
Jen Hoang
1031exchange or buy out ex-husband
I have a property I own with my ex-husband. It's in Houston, TX. I consider it an "A" property. Good Area, good school district. Tenant always pays on time and has a great job. The lease is coming up for renewal and m...
Lawrence S.
Combining Seller Financing and a 1031 Exchange
I am seeking to exit from real estate by way of seller financing. The properties were originally retail and office, but most recently are apartments, so I assume there is recapture of depreciation (not sure if that i...
Jose Garcia
Big Decision to Make
My wife and I are just starting out as Real Estate Investors and are looking for our first deal. Trying to get creative with our financing we ended up selling our house. However thinking that we should get settled f...
Ray Jender
House Underwater...Looking To Buy Another?
So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...
Kris Haskins
SO I paid off one of my mortgages TODAY, thank you Jesus!!!
It's been a long road, but I've finally paid off one of my mortgages TODAY.The good thing about this loan is that I took it over "Subject to" many years ago and the owner of the loan had already paid it down some(the ...
Jason Varney
Buying tax deeds
Hi all,
If someone buys a tax deed at an auction, does that mean they now own the property? Does the previous owner have any period of recourse? If so, I'm assuming the time period depends on the state? Thanks!
Stewart Thompson
Buying my first note
Good morning BP!So I want to try and buy my first note. I don't really have that much capital, but I want to start out somewhere and learn what is all involved. I am already registered on fciexchange.com, but really h...
Chris Pontello
Avoiding a short sale through creative financing
Hi BP community!
Have an interesting situation, looking for ideas on the best way to solve a problem for a distressed homeowner.
The family purchased a lakefront property in a nice area three years ago but then ran...
David V.
Rental Income & Social Security
Questions for you Tax Pros out there. Will the amount of social security benefits be reduced if an individual receives rental income of let's say 80K a year. Assumptions: Social security is taken before full retire...