Daniel Fierros
2 percent rule Houston
hello BP. I would like to know opinions about what's a good percentage to shoot for in regards to rent rates compared to purchase price (i.e. 2 percent rule) in the Houston area. Thanks!
Paul Kerr
Sick of not being able to get a line of credit......am I missing something?
My brother and I have flipped 2 homes exclusively doing all the work our selfs. I also personally own a home that should net me around 60k when it sells. Were about to purchase a home ( for 47k and tax assessed at 16...
Jeff Fairchild
Leasing count as living in home for 2 year rule?
If I lease purchase a home and pay a lease payment for 2 years and then find a buyer to buy it, do I still get to write off the whole capital gain amount even though I only owned it for an hour if its a double close?
...
Michael Pham
Inputs regarding properties in Hartford, Connecticut
Hello, I am new to tax lien investment world. I am interested in couple of liens in Hartford, Connecticut. I appreciate any advices and tips from about the properties in Hartford, and if anyone had purchased tax lien ...
Aaron Kneile
Taxes on sale of apartment in our residence?
We own a 2-family brownstone in Harlem, NYC. We currently rent the basement apartment and live in the rest. My wife has suggested we sell the basement apartment as condo, using the proceeds (after some reno costs) to ...
Ken Ben
Tax Deductions on ADU
I am considering to buy a home with a built in ADU in CA.Can i deduct a part of property tax and mortgage interest of the property as an expense for maintaining an ADU?
So for eg: Total Property value in 1M (75% mai...
Burt Gourley
Flipping houses as a business
Hi guys, Looking for some information from those of you that flip houses as a business. I am referring to more than one a year. Specifically I am wondering how one goes about the taxes with this situation, such as ca...
Robert Hetrick
401(k) loan and quit or lost job
Hi BP,
Quick question for ya'll. I'm considering a 401(k) loan to buy some investment property. My question has to do with how the tax and penalty is calculated should I quit or lose my job - I have no expectatio...
Chris Haas
Wells Fargo - should be foreclosure
I have a "friend" actually it is a friend but it's getting harder to be his friend.He has a home worth roughly $200,000 under water with mortage, penalties etc up to $280,000 plus. While I initially felt bad for him...
Keila Rosario
Sale of an international property
Hi guys, I have a tax question in regards to the sale of a property that I am about to own in the Dominican Republic. I have dual citizenship with the DR. In December of 2017, I separated an apartment in the dr before...