Yany Rivera
Thoughts on LLC protection in Texas
Hi everyone, I have some rental properties that I own in Texas and was looking to place them in an LLC for protection, however I was informed that you would need to pay a franchise fee that would take a large portion ...
Nathan J Trenkamp
Poker Win: Should I invest now or save and wait?
Hello, Recently, I won some money at a regional poker tournament ($88,000) (Ace/Jack is my friend). I have yet to pay the taxes on it, but all of it is still in a preferred savings account. Along with other cash savin...
Jared Slater
How does Standard Deduction change affect which debt to retire?
With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%. With the tax chang...
Joshua Sclafani
Bernie Sanders announces bill to close REI Tax "loopholes"
Sanders Announces Bill to Close Tax Loopholes Used by TrumpTuesday, October 4, 2016 WASHINGTON, Oct. 4 – Sen. Bernie Sanders (I-Vt.) announced Tuesday he would introduce legislation in the next session of Congress to...
Miles Presha
Tax Liens
Anyone out there have success in tax lien investing? Do I really need to wait a year or more to make a return? I'm looking to invest some money as I'll have a good chunk soon, teetering between tax liens and mobile ...
Alex Corral
Selling a personal home before 2 years
Hey guys, I am thinking of selling my home. It's a particular situation. I have lived in the home for 12 years since it's my moms. Last year, I refinanced and took the house over. Only been on title technically 1 year...
Ryan Flood
Capital Gains tax on owner occupied rental property owned by LLC?
I'm part of a 3-person LLC that recently sold a rental property. We recently sold the property and I lived in one of the 3 units for >2 of the 5 years prior to the sale of the property. When we filed out annual K-...
Ali Samana
Bank Issues
I have a house that I have as a sub2. Yesterday I found out that the bank raised the payment on the house from 759 (PITI) to 1014.89. When I called to inquire about it, the bank wasn't very helpful and I was being t...
William Anthony McQueen
Homeowner died, no heirs. Is this probate situation? What next?
I found a diamond in the rough in NC. Great home. Nice neighborhood. The owner passed last yr at 94 yrs old. Has 2 living brothers but no named heirs on the property. Taxes are delinquent for past 4 yrs. How do ...
Carolyn Guertin
Query re implications of renting primary residence
I have some questions that I hope the BP community can answer for me. My elderly father has just moved into in a retirement home. He is weighing the pros and cons of selling versus renting out his home in the GTA. He ...