Hi,I have an interesting tax problem I was hoping someone could help me understand. I think I've managed to screw myself over pretty badly, but I'm hoping there's some way to fix it!Back in 2008 I bought a house as a...
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I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
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Hi guys, was wondering if there are any issues switching over a primary residence to a rental. I currently own a place and am looking to switch it over to rental, and buy a new primary. Does this void the mortgage?...
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Hi all, I bought a small 2/1 SFR foreclosure for $12,900 in KY in 2009 that I renovated and is now a rental. The past several years the tax assessment has stayed at my purchase price as this area has not appreciate...
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I am looking to dip my toe in the foreclosure market for the first time, and would like some help to clarify the many (sometime conflicting) inputs on the status of liens associated with a foreclosed property being so...
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I have done 2 deals since 2011 and I want to invest full time by wholesaling. What would be the best way to find deals/motivated sellers with no money for marketing???
Hello BP, my father and I bought a property for 28,000 about 3 months ago. A family friend loaned us 33,000 to buy the house and a little extra for repairs. We put an additional 5,000 dollars of our own money into rep...
Hi,
(this is rather long. I numbered the questions, answer as much as you can. It will help a LOT!)
I am a newbie in real estate business and purchased a property in Philadelphia, PA last week. I wanted to leverage ...
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I’m looking for an accountant to sep up LCC with reasonable price. Any recommendations ?
I've got 2 rentals and a primary residence and what feels like no way forward. Rental 1 is worth roughly $350k with $100k in equity and $30k depreciation recapture. Rental 1 rent is $1800 and mortgage $1600. Rental 2 ...