I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000...

Thanks in advance for your thoughts:

Currently in escrow on a duplex in Dallas/Garland area. Just got inspection back and condition is a bit lower than expected. Units are all occupied, and leased at $1095/unit, cons...

Hi all,Can the experts lend a hand in what to watch out for when picking a company to handle the exchange ?1. Should the company be in the same state for the purchasing side to understand any relevant laws and local i...

Hi BP Community,    I just made an offer on a single family house today and just wanted to share the numbers to see if they make sense.     The house was built in 1999 and has 3 beds and 2.1 bathrooms. It has a walk o...

My Dad is 75. He lives in a home with a reverse mortgage. His home is valued at $300,000 and the payout on the reverse mortgage is $120,000.  I would like to pull some of the equity, give him some money, make some upd...

I have a condo, purchased 2012 that I have currently on the market. Comparables and recent sales put a FMV between 370K-380K. However I am sensing a change in market activity. While May/June there was a flurry of bidd...

Hello,Here is my awesome dilemma.Seller received advice and changed mind to sell because of concerns on capital gains tax on a property in NY if they sell it to me and carry the 1st/the note/owner financed and no mone...

I recently sold some rentals and came into some money. I also recently bought some land in an opportunity zone. I had no idea that it was an opportunity zone! I was really intrigued by the episode last week and have l...

Ok 2 family house potential income 1300 month both units rented out

breakdown cost 50k
25% down 12,500
loan 37,500
taxes 3200
insurance 1300-1500

bank of america pre approved me at 40k with taxes on 30 year ...

Im just getting into tax deed sales (here in texas) and plan to attend my first sale this week. I dont have enough info to start bidding yet, but wanna attend to see the layout and get the feel and maybe make some con...