Josh Gardere
Is personal loan deductible if it’s used for house repairs?
One of my properties has been hit with some code violations since it’s a pretty old house. Approximately 50-70k will be needed to get it up to code. If I were to get a personal loan to pay for the these home repairs, ...
Jack Zuchars
Any advice for Tax Lien starters?
Toying with the idea of tax liens. Mostly because it seems to involve somewhat lower cash outflow. My questions to the group are,
-what should I absolutely watch out for?
- I've heard FL and TX are good states to...
Derek Gendig
Who is currently buying MFH? What CAP Rates are you expecting?
I am with a property management company located in Indianapolis, IN. We manage many different types of homes ranging from $2400/month corporate relocation's to $550/multi-family homes. There was a time, not too long...
Randall Townley
Tax deliquent quiet title in Alabama
Has anyone ever performed a quiet the title law suit in Alabama and won or lost? If so can you give a run down of your case and the outcome? Also as many people that have and are will to talk about it please reply, be...
Alex Huegle
How do I wholesale a property with 4300 Taxes owed?
So I have an extremely motivated seller wanting to get rid of a 3-family property for 500 dollars. It's in extremely rough condition, but could be a decent cash-flow property if done correctly.
The problem as...
Haickel Padron
Reporting 3 flat in Taxes
Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...
Yan B.
New to landlording, considering my first property (IL)
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...
Bill Cippola
Tax consequences. straight sale vs owne financing
WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...
Tanya McKinney
Capital Gains Taxes How to defer or is it possible?
For a lack of a better way of asking, what is the best way to avoid / delay the capital gains tax from the sale of a flip house? When I spoke to my accountant she said that the 1031 was used as stated for an exchange...
Michael Botha
Tax incentives for investements agriculture vs multi family
We are interested in diversifying our investments and investing in the live animal production agricultural sector in MT and or surrounding states. We are presently considering cow/calf live stock production with the ...