I recently purchased a small tract of undeveloped, heavily wooded land in North Mississippi in a neighborhood. Because I’m unable to obtain an insured title for two years, I did not plan to invest in this property unt...
I'm thinking of doing a subject to deal. If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am payi...
Looking to hire a PM was going over the agreement. Saw this and it kind of concerns me that basically im on the hook for any stupid thing they do. As a General Contractor when i manage a site im used to being the one ...
hey BP fam. Quick question. I'm in Alabama and have no capital or good credit. I've been trying to do assignments to build start up money. Someone told me that I should pay off the taxes of a property and get start...
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Hello everyone.
A brief intro. I owned an identical 2x3bd floorplan duplex in Sacramento for 10 years and I have plans to sell for a modest profit when RE market gets better. I hope that would be 4-5 years from now.
...
I am selling a triplex in Berkeley, CA and looking for ideas to avoid tax gain through 1031 exchange. Given how rough the multi-family market is in the Bay Area I am not ready to invest my proceeds into another buildi...
Hi All! I have an family member that's willing to put me on title of his property, however, we don't know if there is any taxes that are due with this kind of transfer. It's paid off and we're thinking of just doing a...
Hello Everyone!I need opinions. This is my second purchase of real estate (not including my primary residence), and the first was several years ago and was a vacation rental property, which was sold after a couple of...
I've been reading another forum and they recommend charging twice the security deposit if the FICO score(s) is below 600. Has anyone tried this and if so were the people willing to pay?
Also I was wondering how peop...