Drew McKinney
Private funds/reporting
Hello all,When one receives private funds from say two different parties 50k each to buy a 100k property for example. Friends and family will say are the investors. Does this need reported or claimed anywhere for th...
Laquel W.
Downsides with selling an older duplex "as-is" in Berkeley, CA?
Hi there,Soon I'll be downsizing my elderly mother and having her move in with me and want to sell her home. It's an older duplex in northern california that my grandfather owned and made various modifications to way ...
Eulogio Villasenor
Partnering on a Flip using SDIRA
I am partnering on a fix and flip using my SDIRA. We are still in the process of closing on the property. My partner and my SDIRA will be partial owners of the property.My partner will then use their money to pay for ...
Shane Woods
What to offer on FSBO (if at all)
There's this house close to me...
Lady bought it cash (I think) and lived in it for a few years. Working on that buying info now...before I have to ask her. She added on to it, prob not permitted as we're outside c...
Coleen Mathis
California taxes on sale of rental property
We sold a rental in Sac. California and were just told by the escrow company we have to pay 3.3% taxes to California because we live in FL and the property was not our primary residence. This 3.3% comes off the total ...
Brandon Coffman
If I invest y rental income into buying another property
Hi, I have yet to invest in my first rental property but this whole tax situation is started to scare me away. Are there any good books on Rental property’s and taxes? We’re can I find a good CPA?And the big question,...
Jhamel Jones
Paying Off Someones Tax Debt
Okay so my wife and I are doing some research into tax liens and tax sales cerificates. We understand that delinquent taxes go to auction and are purchased and the owner of the property has a certain amount of time to...
Matt Liu
Increasing stated income to qualify...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
Marina Macartney
HELOC - Payoff with conventional loan, taxed?
We got a slight discount on a rental property with a cash offer. We are funding with a HELOC but quickly taking a conventional loan to payback the HELOC. Can we have the loan wired to the HELOC account directly or is ...
Latricia Simmons
Buying a rental property with tax returns
Hi everyone, I hope everyone is enjoying their day, I have a question.Is it a bad idea to invest in a rental property with tax returns? I have been looking into real estate for the longest and I am beyond ready to jum...