Eric Doud
Capital gains tax
several years ago my parent build a cabin in Montana that they estimate is worth and would sell for 750,000 to 800,000. This is there primary residence, and are married so they would be able to keep the first 500,000 ...
Tim Chiu
Security Deposit / Last Month Rent did not transfer at closing
Hello,
Does anyone have experience where some transfer funds were missed since it was not captured in the rent roll provided by seller?
The specific situation is that an inherited tenant moved out at the end of thei...
Michael J Scanlon
Chicago Real Estate Deal Breakdown
Last week I broke down a deal for an investor of mine in the Chicago area so I wanted to break down another. Investor was buying a 3 unit. List price $199,900. Rental income $2500 ($1000/800/700).After back and forth...
Greg Todrank
Repair concessions after inspection
I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.
I would still like to finance the full amount ($98K), so I have ready funding. Should I figure out ...
Account Closed
Will a Real estate Investor pay 16k in Taxes owed on a Home?
Will a real estate investor Pay around 16k in Taxes ? Selling Price 50k , ARV of 136k Sqft of home 996
Carl Fischer
Is the ESA/ Coverdell still available?
I have heard conflicting reports. Does anyone know if the ESA/Coverdell was removed from the new tax bill and will still be valid in 2018? From what I understand, it looks like the senate revised the tax bill to make ...
Robert D.
If you were me....
Soo... I hate to resort to this type of question but I have read and read and read and read and then Ive read some more on the subject and in fact am still reading on LLC & CORP with their different tax designatio...
Rachel Frazier
AZ Tax Liens
Hello,I am interested in investing in tax liens in Maricopa County (and possibly Pinal County). I have researched the process but looking for someone to assist me by answering a few questions I have, or mentoring me f...
Joel Owens
How much does your tax accountant charge for your business??
Was wondering do you meet with your tax person once a month??
Do they charge by the hour or do you have them on retainer by paying a set amount a month/year??
I have been doing taxes myself for awhile but now I am g...
Mikel Jennings
Texas high property tax issue
I'm a new investor considering a BRRRR strategy in and around San Antonio, TX. Locally total tax rates are around 2.73% (example $284.38/month taxes on a $125k house). This makes cash flow very lean. Any tips or sugge...