Matthew Lockwood
Tax Reform Law and the "pay off your mortgage w/a HELOC" strategy
Ive been contemplating the "Replace your Mortgage with a HELOC" scheme to pay it off early.Heres my very specific question:If I do nothing with the HELOC , but simply replace my mortgage with it in the first lien posi...
Jon M.
How much do you pay to have a tax lien title report prepared?
The title says it all. I know I can get reimbursed, but I was a bit surprised when an attorney quoted be $500 per lien. I own several liens and wasn't expecting more than $300/lien.
Khoa Ha
How best to structure a deal to pay the least capital gain tax?
I have a question that I hope I can either get an answer or direct to someone that can help us out. Our current situation is that an investment property we acquired in 2009 is under my sister name. She is single and d...
Malcolm Douglas
Worth it to Pay First 2017 RE Tax Installment before End of Year?
I am curious - Living in Chicago, both a high state income and real estate tax district, does it make sense to try and pay the first RE tax installment of my 2017 bill before year end? I will be over the newly propos...
Account Closed
How to structure a deal that allows the seller to pay less taxes
I have a lead that is considering selling. It is an SFH that he has not lived in for over 5 years. The seller wants to avoid capital gains taxes. I will give him a 1031 Exchange as an option. Anything else?
Derek Bunyard
Paying off a line of credit at closing – what are the tax consequ
Hello BP community,
What are the tax consequences of paying off a line of credit that was used to purchase another real estate property?
Here’s an example of what I’m hoping the BP community can help me answer:
...
Jonn Vidal
NY buyer will pay 'All' Closing costs even Xfer Tax! Is that OK?
Is that ok at closing table or is Cash Buyer just fluffing?
I'm thinking hmmm what about say (besides commissions if any): Closing attorney, Property Tax Adjustment (usually $500?) and that thing where you 'have' t...
Dennis Gallof
Don't have to pay sales tax for rentals over 6 mths in Miami?
Due to new requirements in the city of Miami, I'm not able to rent out my condo unit anymore as a "short term rental" because I'm not able to get a "certificate of use (CU)" that states "lodging" versus "residential"....
Matt Wells
Paying for primary mortgage with paid off rental properties and tax savings strategy
From a tax savings perspective, is this a good idea? If I had three paid-off owned free and clear SFRs generating $3,000 a month in rental income, would it be wise to put down 20% on a primary residence and use my ren...
Sarah Albert
Creative financing ideas? Owner wants to sell, but doesn’t want to pay taxes.
Hi all,I’ve been talking with an owner about purchasing his property. He wants to sell it, but he purchased it with a 1031 exchange and doesn’t want to pay all those taxes (do any of us?). He doesn’t want to do anoth...