Anthony Del Russo
House Hacking Tax Considerations
Hello BP!I am moving towards closing on my first single family house hack! Very exciting for me. I have 2 tenants ready to move in after I close and I was wondering about the tax benefits/nuances of a SF House Hack.So...
Doug Katz
Tax Lien Problem-Entity Question
Hi all,
I found this website after doing a google search on REO's and tax liens. I am located in California.
My Situation
I had a federal tax lien filed against me last year. Im currently on a payment plan. I am ...
Abby Robinson
Private Money Lender
Hello Fellow BP Members. I have a private money lender who is interested in doing a SFH buy-and-hold investment with me. This isn’t a partnership. His concern is that his investment won’t qualify as passive income. I’...
Mike M.
How do lenders view rental income from tax returns?
Hopefully someone can help me understand this, as it’s a delicate balance. I’m incentivized to deduct as many legit expenses as possible to lower my tax liability but on the other hand this may hinder how a lender vie...
David Lee
Is this my property?
I purchased a piece of property that was beside mine that had been foreclosed on several years ago. The taxes were really high on it and just paid it anyway. After the 3rd year of it being so how I went to talk to ...
Nes Canada
Negative Income but Good deal after write off?
Hi Guys!Can I please get some help on a deal that I closed on but haven't removed subjects yet. Property Value: 184,000Down-payment: 35% (2.3%@ 25years) =$282.25/moBalance Mortgage: (2.49% @ 30 years) = $471.15/moProp...
Sean Grabow
Strategy to minimize seller's exposure to depreciation tax
Hey Group! So I have a property where the seller is a 91-year-old Woman who owns a duplex in A neighborhood. It does not need any work and is rented out for well below market rent. She has property management taking c...
Nathan Patterson
Millage Rates and Property Tax troubles
From the research that I've done, I've found to calculate Property Tax that you use the Millage Rate for the county that your purchasing in. Correct me if that is not right. After searching for the Millage rate of m...
Sandra Ibrahim
What is an opportunity Zone
I've been looking at multi family an I see something that says opportunity Zone. What exactly is an opportunity zone?
Nick He
Any good accountant and tax consultant in Seattle area
Hello there,How do you do tax every year, by yourself or hire an accountant? Do you have any recommendations of good tax accountant that have lots of experience with rental properties?Thank you so much!Best,Nick