David Carroll
Thinking about dumping my IRA to start real estate investing
Looking for your thoughts- I have both a Roth and Traditional IRA. I’m considering rolling them into a self directed IRA or solo 401k but hate the thought of a custodian. I’m also considering just pulling it all out a...
Account Closed
Tax Lien approach
I found a vacant property and contacted the owner. After title search, a $202k tax lien from another tile co. was placed on the property May 2014. (BTW, the property ARV is approx. $126k.I would like to do a lease opt...
David Hedges
Preparing for possible tax changes.
I had been reading an article on marketwatch (https://www.marketwatch.com/st...), the part that stood out to me were the possible changes related to real estate that may be put into place. - eliminate the $25,000 exem...
Jianzhou Zhao
Who is responsible to check if a tax sale case is valid
Can we assume all listed tax sale (tax lien, tax deed or hybrid) properties are valid cases?For example, I found some properties are owned by non-profit companies exempted from property taxes, and a property has non-p...
Costin I.
Tenants and property tax increases
Our City Council just set tax rate for FY 2019 - According to a presentation from the city, at Round Rock’s median home value of $241,538, a homeowner would pay about $85 per month more in property taxes to the city u...
Eli C.
Built in Gains Tax
I am working on a property deal in which the owners seemingly converted from a C-corp in '03 to a S-corp, rolling the assets of the C-corp into the S-corp.
Since they did not pay taxes on the assets at the time of th...
No Name
Democrats in Congress
Do you think that the Democratic control of Congress and Barack Obama will help the housing crisis?
Matthew Creel
529 Plan or Rental Property to Fund My Kids College?
In talking with a close friend of mine about my personal real estate investments in 2018 he informed me that he and his wife are seriously considering investing in real estate as opposed to funding a 529 plan for thei...
Kyle Galloway
70% Rule-Please explain?
I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
Dustin Ruhl
Investment Property Tax Deductions List for [market_city]
ForUncle Sam gives, and Uncle Sam takes away.But in the case of buying local [market_city] investment properties... you can earn investment property tax deductions for real estate investors, the United States provides...