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Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
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Hey BP! Is anyone familiar with Zoomeral which is a platform where lenders & business owners are matched based on the borrower's profile and criteria? I've been trying to search all over google but I wanted to see...
Good afternoon everyone,I would like to receive my rents before the end of the month, and require my tenants to deposit those payments directly to a bank account. What is the best way to do this? I have thought of s...
Hey all, long time lurker, first time poster here.I just got an offer in the mail for some vacant land in Imperial County (near Truckhaven/Salton City) that I've held for a few years.. The company is Land Pros 365 and...
Hey everyone! My first post here! I'm looking forward to any help anyone can provide.I purchased a rental unit at the end of October of 2020. The unit already had a tenant who was receiving housing assistance. I init...
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Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still? This was a major rehab over 6 figures. Ty and ha...
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Hi. I participated in a syndication last year (2016) and I am planning to file my 2016 tax this coming week. 1. What tax benefits will I be getting via the syndication?2. Will I be getting tax benefits such as mortgag...
In the process of buy a home (1st time) and were doing it through seller financing and we just received the installment agreement papers from the sellers attorney. Do we need to get our own attorney? or how does it wo...
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A seller-financed note is an asset. The seller can elect to hold the asset collecting payments, sell the note, or leave to heirs as part of their estate. Many heirs would prefer cash now rather than payments over tim...
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I wanted to share a quick story that might help someone else.
Last March, we bought an investment property SFH here in Ft Wayne from an owner that was an Australian citizen.
About 2 months after our purchase, we rec...