Eric Wallet
Cash out refinance, then sell
Question? Would it be beneficial or possible to execute the following:Have an investment property with lots of equity. Say I own this property (other than my primary) which I owe $50k on the mortgage, and this propert...
PJ O'Connor
Seller owes back taxes - is there any relief for buyer?
I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Sahil Singla
Which properties are the best for maximum depreciation using cost segregation?
Hi everyone,I am an aspiring real estate investor and I got interested in real estate primarily due to the tax benefits. I want to reduce my w-2 income by running a short term rental and claiming bonus depreciation. I...
Aaron Millis
Homeowner paying non homeowner taxes
Hi all,
I had a quick question that is probably simple.
I bought my personal residence in march of 2017 and I purchased it from another investor. He was not currently living in the home so he was paying higher taxes....
Andres Felipe Aristizabal
Tax Liens - NJ
Hey guys/gals,I recently started looking into tax liens and have since read a couple of books related to the topic. I figured NJ would be a great place to start given that I'm located in NYC and spend half my time in ...
Ryan D
Whole Life Insurance & Real Estate
I'm wondering if anyone has any advice/opinions on using whole life insurance to supplement my real estate investments. I'm currently 25 and am debating on whether or not I should set up a policy now while I'm "young"...
Edwin Rajkumar
Taxable Value of home doubles after purchase. How to appeal?
I bought my first property last year and I received a Notice of Assessment and Taxable Valuation letter about a month ago letting me know that the taxable value of my property is literally about to more than double th...
Michael Cosby
Newb from Columbia, SC
Hello to all, I've been lurking on here for a few months now and finally decided to join. I'm a mechanical engineer by trade but ive always been interested in real estate. After years of being fearful i am now fully ...
Jared H.
Pay down mortgage or Buy more homes?
I'm new to the real estate, in the military and just purchased my first home (3bd/2ba/2car garage) with the VA loan on Oahu for a little over 500k and it's estimated rent is $2,400/mo. I understand this is not sustain...