Stephanie Huynh
Question about security deposit when transferring owners
Hello! I recently closed on a home in Ohio and the previous owner said he never received the security deposit from the owner before him. The lease says that there was a 750 security deposit. Will I end up just having ...
Ronald Garn
First Rental Investment Property
I am trying to enter the real estate industry with a rental investment property. My options are as follows: - Multi-family home with 15% down, 0.5% off rate, and $1,000 towards closing costs.
- Single family home in...
Michael Plaks
Remember to send your 1099s by January 31!
The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2018: report them to the almighty IRS and make them pay taxes on the money they received from you. In...
Ezra Nugroho
Tax Implications of Seller Financing via Note
Hi all,I just read this related topic on tax implications of Subject To: http://www.biggerpockets.com/forums/51/topics/1303...My question is what are the tax implications of seller financing that is done via the creat...
Adam Joseph Reed
HELOC on Duplex when it is a Primary Residence on a VA Loan.
What's up BiggerPockets! First post here. I have a question for you folks.In 2020 I bought a duplex for $300,000 with my VA loan at 100% LTV. Last year I refinanced it with the IRRRL at 2.25%. In the last few months t...
Jonathan Felts
Does Seller Financing Reduce Taxes on a Sale
I am looking to sell a small commercial office condo unit (1728sf) in California. I received two offers one all cash for $609k and the other $625K with $315k down payment and then 5% owner financed over 5 years. I wa...
Hoa Morales-Phan
Gifting/Grant Deed post 1031 exchange
My mom's sister wants to do a 1031 exchange. Vacant commercial zoned lot (unimproved) to a SFR as a rental property. Can she gift it after the exchange to the SFR to say me or my brother? What tax implications woul...
Andrew West
Used up my 10 conventional loans... what's next?
With the last deal I wrapped up I've used up the last of my conventional mortgages. What are my options for financing going forward? The last loan I received was 5.75% 30 yr fixed with 30% down. The quotes I got for D...
Lane Beene
Profit sharing for passive investors
I am joining forces with several investors for the purchase of an apartment building. What is the typical arrangement for distribution of cash flow, profit sharing, and sales proceeds? My template is: 8% quarterly...
Travis Buck
I dont want the US dollar when I sell
If I sell my home am I bound to receive the US dollar?
If I state that I want to receive gold/silver in lieu of the USD do I still pay tax on the proceeds of the sale? Even though the transaction involves trading ass...