Michael Lerch
Contract Question: Paying backtaxes for seller
I have a motivated seller that owes around $10,000 in property taxes. I offered to pay the taxes + $13,000 for the home. I called the title agency and they said they can take care of this at closing.
Do I make the p...
John Hopf
Tax implications on Spec Home
I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
Roger R.
Property taxes after you purchase
Do property taxes automatically get re-assessed after you buy a property based on the purchase price you pay? If it does, how do you really evaluate a property properly?
Derek Luttrell
What do you actually end up paying in taxes?
Hi All,I am under contract on my 3rd acquisition in 2018, so I have yet to actually file a tax return with rental income on it. Is there a general rule of thumb for how much you actually pay in rental income tax after...
Bob Wa
California - Prop 60 move
As many know, under Prop 60 in California (may not last long in broke CA) I can sell my home and buy a home of equal or lesser value and maintain my current property tax rate - a substantial savings for me as I've be...
Robert Steele
Collin County Tax Protest Informal Review
A heads up for anyone going to McKinney to talk to the appraisers concerning your tax notice. They are in rare form this year, really trying to screw residents out of every last penny they can.They are using comps fro...
Andrew Faukner
Crowdfunding and taxes
Let me know if have this right. If I use a crowdfunding company like Reality Shares, or Groundfloor, and I receive interest in 6 months, it is considered ordinary income for taxes. Or, if I receive the interest after ...
Seth C.
Dead simple legal structures to use IRA in RE?
What are the simplest ways that someone can invest IRA capital in RE? Can they make private loans with or without a lien, invest using their own name, a limited partnership, etc? If LLC, does the money have to be pass...
Aren Kern
Help with first Rental Purchase in Las Vegas
Noob here. I am looking at my first rental property purchase in the Las Vegas area. I am looking at a class A, SFH. Can someone help me analyze this deal and if it makes sense, or am I being silly? I feel like its...
Emmanuel Raneses
Newbie Long Distance Investor
Hello, I am a Nurse in California trying to get out of the rat race by way of Real Estate investing. After reading as many Bigger Pockets books and listening to podcasts (by Brandon Turner and David Greene) as I can, ...