I am looking to buy a HUD home as an OO and was wondering if HUD has already paid property taxes for the year or will I pay a prorated share at closing? I intend on purchasing title insurance and having an inspection...
Hello,I sold my main home last year with owner financing, and am coming across competing tax laws between the Installment Sale side and the Sale of Main Home side. We qualify for exempting the gains and the entire pu...
I've read several BP articles on 1031s and am left with a lot of questions: 1. What happens if the final investment property is converted into a primary residence and then after at least 2 more years sold as a primary...
What do you guys do going into a conventional loan? Do you obtain a mortgage and supplement it with en escrow account or do you pay property taxes and insurance yourself? Usually banks want to give you a bit better de...
I just received a check from a northern Arizona county that pays off 7 years of tax liens I hold on a vacant land parcel. I earned 16% on the money. This was a simple vacant lot that had a foundation but the home was ...
Hello Investors,
I'm looking at investing out-of-state since properties here in Massachusetts are very expensive and gives me a poor ROI.
I'm aware that I don't need an entity to receive tax deductions on rentals. H...
Hey All, I've also trusted and respected your answers on this site and was looking for some tax help. I am a first year Realtor in Denver and I am trying to find a tax accountant local who knows the ropes as far as Re...
I have a tax lien question. I own a tax lien certificate on a .25 ac strip of land that does not seem very usable except to the owners of the adjacent lots. I have paid the taxes for several years and can now apply to...
I am practicing my ability to find and analyze local multi families in the Detroit area. I would appreciate input on this property and my analysis of the investment . Thanks ,Dan https://www.redfin.com/MI/Hamtramck/11...
Does anyone currently have a marketing strategy that they use to make this happen? I've been wanting to see if there is anyone out there that is coming up with deals in this way. For example: Tax payer owes 10k in Bac...