Scott Pigman
Texas Tax Sale Newbie Questions
I'm trying to understand how tax sales work in Texas to see if it's something I want to pursue further. I'll appreciate corrections or confirmations on the things I think I know and answers to the things I don't.I und...
Jeff Weissman
Can self-directed IRA buy/sell real estate?
If so, I assume all cash flow (in & out...that is, income and expenses) must come into and be paid out of the IRA account, yes?
Advantages/disadvantages?
Ty Hines
HELP! I want to wholesale a tax lien property!!!
Hello all,
The other day I ran across a property that sits in a very nice neighborhood.The house is abandoned and in need of repair. I did my research and after a few calls got in contact with the owner. He informed ...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
Marian Smith
Auction tip...learn from my experience
Just wired funds to close on my second auction purchase...2 years after last auction purchase. Yea!
My beef: To add to the 1) exorbitant 2.5k auction fee (which I got mostly back at auction close on my first auction ...
Account Closed
Did I find a potential gold mine?
Hi all, Sorry for the odd title. Haha. Not sure what else to title it. I was browsing a tax map to look at a lot of raw land I will be purchasing from a family member for a personal residence. I decided to view the ot...
Mark Dante
Real Estate Professional Tax Loophole - holdings in a trust
Question for the CPA's - Person A is setting up a trust for estate planning purposes. Person B will be the beneficiary of that trust upon the death of Person A. The assets of the trust are primarily income producing...
Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Justin Hennig
Change my mind. "APARTMENTS SHOULD BE HANDED DOWN VIA YOUR WILL"
What's the best way to divest an apartment asset for an older owner who wants the best for their family is Option #11) hand down asset to children via a willOther options:2) Sell outright and pay taxes3) Exchange into...
Jonathan St.Leger
Bonus Depreciation Question HELP NEEDED PLEASE From You Amazing Tax Pros!!!!
Hello BP Nation, I sure could use some help with a problem that I'm currently facing. So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed int...