Charles Feingold
Inherited property pushed negative-any options besides selling?
SFR rental in Santa Rosa, CA is projected to be $916 monthly negative. Rental income is $2400/mo. Operating expenses $1571/mo. Current mortgage payment is $1745/mo. Expenses include $240/mo paid to one partner for PM...
Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
George P.
Primary residence -> Rental -- capital gain issues?
Hi forum!!
Just to make sure I understand the process...
If the property has been a primary residence for 5 years (purchased for 100, now worth 210), and then becomes a rental FRBO for another 5 years with say no chan...
Rich Weese
Are we broke?Will taxing the rich fix things?
http://iowahawk.typepad.com/iowahawk/2011/03/eat-the-rich.html
I hope I did this correctly- no techie here! The first part of this link is chatter, but then the yearly calendar is looked at in depth. If you're willin...
Jon Loca
Minneapolis Lawyer familiar with elderly asset protection and RE
My father and I purchased a property 2 years ago cash. At the time of the purchase the property was deeded solely to his name. I would like to now transfer the deed to an LLC, in my name, while doing a cash out refina...
Gail Arnold
Tax Lien Certificates
Hello, My name is Gail from Georgia. I am a newbie looking to purchase tax lien certificates out of state. I am looking to purchase online, because some of the tax lien certificate states are too far from me. My state...
Michael Deering
No School, no problem. No Property Taxes!
With the likelihood that a Fall COVID outbreak will force schools to close and adapt a virtual teaching platform parents will incur the cost of time and lost wages to supervise and teach their children. I understan...
Delbert Standifer
Paying all cash what are the tax benefits
I’m trying to understand what are the tax benefits for having a property paid off.
Ed O.
Section 8 / IRS / Shady accountant?
I have another odd situation on my hands.
I need all responders to start by making one assumption - the story I have been told is true. Yes, I totally realize this may not be the case, but I'm trying to understand ...
Kent Depwe
All cash or conventional loan?
Hey BP,First post in here, short intro: I’m 25, Technical recruiter living in Austin Texas, just bought my first house in Austin July 2021.I’m keen to get into REI, not necessarily in Austin or even in Texas for that ...