I live in California and have property in Detroit … my question is do I file taxes in Detroit solely for my properties?
Does anybody do sheriff sales exclusively or in part, and if so how hard are they to make money. Risk reward?
If I spend all my income from my properties on business-related expenses, technically, I made no money, so will I still have to pay any taxes? Wouldnt it be considered a loss.
I am about to refinance and due to an increase in the value of the property can opt for a cash-out instead of a lower rate. Will that cash be taxed as capital gains? thanks.
Please point me in the right direction if I am in the wrong thread....... To elaborate:
A local investor is in need to liquidate 1 (one) Baltimore City tax lien (to fre...
If I wholesale a property without an LLC, how would I be taxed on a percentage basis? I can't deduct my marketing expenses. Its almost the end of the year and I am concerned.
Hi All-I own a rental property in Northampton that I’m contemplating selling. The comps show I could sell it for about $40,000 over what I paid for it five years ago. I lived in the condo for two years and then moved ...
My Father in Law has 5 properties that purchased from 1974 to 2000. They are in a 1031. He offered to sell us the oldest, a 1974 cabin in Tahoe City, but then changed his mind because of taxes. Can he gift it to his d...
So I have just 3 properties and I don't have an LLC structure just yet. I'm going to purchasing a new computer soon which I plan on either writing off or depreciating as a business expense. When I fill out my taxes, e...
I was at an RE event this weekend and talked to the managing partner of MMG capital. They are primarily a hard money fund but also have a Tax Lien fund. They invest nationally in tax lien certificates. The expected...