Kelsey Ross
Purchased from Tax Sale
Investment Info:
Single-family residence buy & hold investment in Gary,Indiana.
Purchase price: $2,800
3 bed 1 bedroom 2 bath..
What made you interested in investing in this type of deal?
For th...
Deane Jaeger
How to lose money in tax liens
Purchasing OTC tax liens can be fun but here are two examples of how to lose money when a purchased tax lien is redeemed.
Mohave and Maricopa Counties in Az both charge administrative fees that must be paid by the pur...
Account Closed
Federal IRS Tax Liens versus County Property Tax Lien
I could use some advice/info on a Federal Tax Lien versus a County Tax Lien.Frame of reference - I'm in Dane County, Wisconsin.I got the house under contract. I was aware of a County Tax Lien on the property of about ...
Dan W.
Taxes On A New LLC With No Revenue?
I started an LLC in 2021, purchased a distressed house and am rehabbing it. I haven't sold it, so no revenue is coming, just a bunch of money going from personal to LLC, then out of LLC to the house. Do I need to file...
Andrew Caldieraro
The STR loophole
If you follow the guidelines (materially participate, etc.) how long do you need to hold a property as a STR to take advantage of the loophole to offset W2 taxes? For example, what if I only want to hold the property...
Siqi C.
Can someone help me on the tax rate
I am trying to get my head around the tax rate. This website is very usefulhttp://myplace.cuyahogacounty.us/But I can't get around the numbers I see there. For a property in Shaker Heights city, the tax rate is 4.01%,...
Andre Pennix
Opportunity zones investing
How do the gains made by opportunity funds get taxed? Do they also have major incentives tied to the gains you claim for having invested in them?
Dan Darby
LLC Name Change
First post here, awesome sight,
I am interested in investing in the rental property business.
I have used some tools from this sight and other internet research to form an LLC.
I dont like the name that I used for ...
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Farah A.
Homstead Exemption in Houston…
Hello, thought I’d come to this forum for some input/advice. I am due to close on a property that I plan to house hack tomorrow in Houston, TX by the Medical Center. My lender just hit me with a last minute update t...