Jeff Spacek
Tax Laws and Changes
Hello Happy Thursday!Does anyone understand what these new tax laws mean when it comes to real estate?Does this mean everyone who owns a corporate entity will pay less in taxes across the country?Final question, does ...
Mark Spritz
Escrow company did not find issue with property deed/title and I now own partial lot
Not sure what my options are. I was sold a property that I was told was on a particular sized lot. The Lawyer/Escrow company did not find out that part of that lot was considered a separate lot. So basically, there ar...
Kyle Shrum
Using REI to kick student loans
I'm still working on building up cash reserves before jumping into investing, but I want to nail down a strategy to pursue once I have enough cash. I really want to pay down student loan debt to $0 so it's not hanging...
Adriana Vergara
Should I pay debt with my IRA? or should I invest the IRA?
Hello ALl! first post here... My name is Adriana Vergara, I´m 35, single, no kids. Journalist background (worked in CNN for 8 years) I Now I have a soccer school in Atlanta GA, and also I became an apprentice in real ...
J Scott
Paying Lot Rent for Your Buyers
For those doing "Lonnie Deals," what are your thoughts on paying the lot rent for your buyers?
In other words, having an agreement with your buyers that says that they will pay you the total amount of your Note + L...
Erin Elam
Tax implication on HML loans
Hello BP!I couldn't find a straight answer to this question: receiving funds from an HML ... what are the tax implications for the following year?If i use an HML this year for a flip, they fund me for purchase + reh...
Damian Baynes
Back taxes on lot I own. Advice needed
Hi all,I have a weird situation. I own a lot which I purchased in 2014 and I found out today that there are back taxes dues on the lot from 2013 and 2012. My question is do I have recourse now against the former owner...
Brandon Barnic
5 unit for a dollar. that's right. 5 for a dolla
Hello friends! I've found a 5 unit for sale. They bought it at a tax auction last year, gutted it, and ran out of money. They just want out. The problem is that they some how now owe 10k in taxes because the did not ...
Simon Astrop
Canadian investor
Hello,
As a Canadian real estate investor in the Toronto area, I have taken interest in the Florida market. Is it true I have to pay a higher property tax as a non-resident home owner?
Thank you.
Gustave Stroes
Selling a 1031 Property - When is the tax paid?
Hello,When you sell a house that was purchased as part of a 1031 exchange you are obliged to pay the capital gains tax.Is this taken out through escrow or is it paid as part of your taxes the following April?Thank you...