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...
Tom Bud
Tax Help on Fix and Flips
Hey everyone, Wanted to hear the communities response to this;Brand new r/e investor, going to do a fix and flip. Does anybody have any interesting tax strategies in respect to this whole process? (buying, selling and...
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...
Sean Tracey
Anyone else primarily in stock index funds and 20% or less in RE?
Hi all,A little background - (skip to the tldr at the bottom if you get bored) I'm mainly a buy and hold index fund investor. While I'm certainly no finance major, everything I've read about investing has led me to ke...
Rahul Kanani
Upset Sale PA, Delaware County - Quiet Title Action & Abandoned Personal Property
I have recently received the Tax Deed to a property which I purchased at the Delaware County PA Upset Sale. My plan is to rent out the property and refinance the property as soon as possible. I have a few questions re...
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.
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...