Brendon Kerrigan
Tax Help of Seller Financing Deal
Hi BP Community!Trying to do my first seller financing deal and the owner is open to the idea, but has 1 concern that I didn't have an answer for off hand. If I buy the property tomorrow, and the owner carries the mor...
Jose Mendoza
Lease-purchase rental property to a family member
I am trying to understand how capital gains would work on the following scenario. I have a rental property that I would try to do a lease-purchase deal for a family member. They will sell their home and parents home a...
Dylan Tanner
Is Owning Your Own Real Estate Brokerage Profitable?
Hi All,
I've been in real estate for 10 years. My first 6 years were in residential and the last 4 have been in commercial. I've been lucky to do better then the average agent on both sides of the field and h...
B. P.
Legality of "Split Approvals"
Has anyone worked a "Split Approval"? I am researching details for friends going thru the Short Sale process in Florida. Forgive me as some of the terms are unfamiliar to me. The 1st (GMAC) has agreed to give a po...
Skip Rivera
Caution bidder beware in tax auction
Just a friendy note to anyone who is bidding on apn 342110002 in the Riverside county tax sale at bid4assets.com While this property may appear to have no title issues, a prelim from Chicago Title in 2004 says otherwi...
Sandy Uhlmann
Second Lien Question-Short Sale
If a property is being sold as a short sale, is the first lienholder/lender obligated to pay the second lienholder anything? I had heard discussions that the first lienholder usually pays the second lienholder $3000 ...
Brendan Couture
Wake Count, NC Foreclosures
Hello All,
I'm looking to make my first foreclosure purchase in the Triangle area of NC. I realize that when you win the bid, a 10% deposit is due. Does anyone know when the remaining balance of the sales pric...
Nancy Smith
commission vs salary
hello to everyone out there. This is my first time asking a question.I have a C-Corp with an asset management company under it which owns a portion of my individual LLC. Currently we are not making money in the bus...
Wendy Cheng
Depreciation (capital cost allowance) on rental property
Looking for some advice... I am purchasing my first rental property, a triplex. I would like to know if there is anyone doing depreciation on the rental property? I know that CCA deduction claimed will become taxable ...
Michael R.
Taxes on Sale of Property Held for less than 1 year
I have a few properties I am going to sell. One I have owned almost one year the other 3 I have owned less than one year. They are great properties but I just wanna sell and clear up some debt I have and put myself in...