Harry Tran
Quit Claim and Lifetime Gift tax
If anyone can provide some info it would be kindly appreciated. My Uncle wants to quit claim one of his properties to me. The property has been paid off and he is basically gifting it to me. Would he be able to claim ...
Julian Ramirez luna
Advise on my first Condo purchased
Hello Everyone,I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.In June, I bought my first...
Robert Smith
How To Screen Self Employed Tenants...?
I have a couple who have applied for one of my rental properties (3bed, 2bath sfh) through Cozy and claim they are self employed and make $80,000/mo each and they are willing to pay for an entire year worth of rent. T...
Gabriel DeVita
Closing Cost Question (am I getting worked over?)
My first property is officially under contract. It's a small 2/1 here in the Upstate of South Carolina. The purchase price was $72k and I agreed to pay closing costs, which I assumed would be $3-4k... Boy was I wrong....
Jack B.
Ever feel like the saying "break out another thousand..."
...The one that they have for boats could easily apply to real estate? Except I'd say break out another 20-60K. I get real estate goes up in value, etc. but man, sometimes I look at the money I spend in transaction co...
Devon Cornwall
Looking for Canadian CPA for confirmation
I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?Essentially, I am working with a group of 3 o...
Dan L.
The Roofer Sales Tax Con
Just had a roofer try that sales tax con on me. Went something like:
Roofer: “It’ll cost $6,800 for a new roof”
Me: “Ok, sounds good, let me think about. And you think the plywood looks okay?”
Roofer: “Yes I d...
Yuri Chernousko
Taxation for out of state properties
I live in California, and I have some properties in FL. Also looking into other states (mainly GA and SC). I have not researched it yet, but does anyone have advice on what I can expect tax-wise? Will California ch...
Kaela Kennedy
Taxes on Selling Rental Property
Hi All-I own a rental property in Northampton that I’m contemplating selling. The comps show I could sell it for about $40,000 over what I paid for it five years ago. I lived in the condo for two years and then moved ...
Andrew West
Question for the Community: Parcels & Property Taxes
Hi BP friends!
Would love to get some thoughts from anyone out there with property parcel & tax experience.
We're about to close on a duplex in Harper Woods, MI and we learned late in the process that the duplex...