House and land bought as an investment. Paid in full. No one including myself lived there 7 plus years. Just found out my 100k property was sold for tax lien. Treasurer office claims notices to sell for tax lien were ...
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My husband's and my goal is to eventually use rental income as our retirement income. We currently have one rental home and are looking to have ~10 within the next 20 years. So the question is...what is the benefit of...
Hello everyone, my mom 67 yrs old sold her mobile home AS IS contract (buyer was aware) all documents where fill out, Bill of Sale, Certificate of Title, Registration Card, The buyer just needs to pay the Tax and send...
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Dear All,I am new to REI, and have been researching optimal investment strategy for me and my family. If we invest in cash flow property, after taking the depreciation tax benefit, the positive rental income will stil...
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Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how p...
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Has anyone borrowed from their life insurance policy or used it as collateral to invest? I've had a few people that said this is a great strategy and to make sure I have the policy setup correctly. Working on getting ...
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Hello,
I have some questions about Lease Optioning a property:
1) Who has the insurance on the house? The originial owner?
2) Who pays the taxes and/or gets the tax write off on the property?
Any help would be appr...
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I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...