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I have a question that I hope I can either get an answer or direct to someone that can help us out. Our current situation is that an investment property we acquired in 2009 is under my sister name. She is single and d...
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Quick survey here. I heard a quote from Rich Dad's tax advisor Tom Wheelwright saying something like "if you're investing in real estate and you're paying taxes, you're doing it wrong."
So, do you pay taxes? How man...
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Is it possible to wholesale a property under tax lien? If so a brief summary or even link to a good video/article would be much appreciated!
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I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
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Anybody here have any success stories retrieving money owed from previous tenants? One of my ex tenants left the house a mess, owes me a couple months of rent and a fee for breaking the lease early. We set up a repa...
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I definitely need an expert opinion on this from a veteran in this market. From my understanding, the total tax paid should be 12.75 percent, and what I read from older posts was that 9.75 percent is collected, but ho...
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I came across a property that is for sale at a very good price. It is steeply discounted because of back taxes owed on the property. I believe that there could be a BRRRR opportunity in this situation and wanted to se...
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Hello,
My grandpa has a home in which he still owes 130k and is worth about 200k as it stands and alot more with a little rehab. He has asked me to help him refinance the house to my name, as he is no longer able to ...
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I'm starting to track my mileage via the Mileage IQ app and wondering whether driving for dollars mileage is deductible. If so, does that make virtually all my mileage deductible? I can't remember the last time I dr...
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Is anyone in the Houston harris county area?I don't think I'm finding the annual property tax amount at hctax.net. For example with 18207 Misty Jade Ln, Cypress, TX 77429, when I check hctax.net it seems to say the ...