Shane Henry
Purchasing house at Sheriff Sale with Fed & State Tax Lien
Hey Guys,I'm looking at bidding on a house at a Sheriff's sale on 8/28. Per extensive research on the property the mortgage that is being foreclosed on was taken out in 2004 for 106K. The court appraisal on the proper...
Shefali Srivastava
Opportunity Zone investing question
Heard about opportunity zones where we can get tax benefits. There are organizations that have funds to assist us with buying properties in these areas. Not sure how this works and what are the benefits and how to app...
Heather Miner
Reward for New Tenant Referral
I have a tenant moving out after a one year lease. They have recommended a family member move in and she seems like a good tenant. Of course, we'll go through the ususal application/checks, but let's assume everything...
Justin Summers
TURBOTAX- where to enter Capital improvements on a rental
I bought a small RV park under a multi member LLC, that needed a ton of work in 2020 for $250k and sold it about a year later in 2021 for $450k after putting in about $150k in work/repairs/upgrades. I'm doing my taxe...
David Klick
Tax Sale opportunity - any thoughts?
Hello.I have been researching a local tax sale. My lawyer has basically stated that this is a wonderful low risk venture at this point. Here are some of the specifics of the property and what I am seeking:- Seeking ...
Gail Aiken
Two Family Investment
Looking to purchase my first investment property. I want to run this by some of the experts to see if this makes sense. I am looking to purchase a two family and want to purchase with cash for $45,000. The home is ...
Rao V.
Tax liability from rental income
Hi,What will be the approximate tax liability if I have the following situation?1- Rental income from house #1 = $12,000 Mortgage paid = $90002- Rental income from house #2 = $4000 Mortgage paid = $3000Assume I ...
Bernard H.
Question for the team...
Hoping there's a tax expert in the group. I had a client ask me a question the other day. They asked, if they sell their rental property for 250K and turn around and purchase another investment property for 200K. What...
Jason Patterson
Seller just wants to finance.
Ok about to make a offer on a very clean rental house that has been rented for 25 years by same renters. Owner doesn't want to sell out right because they don't want to show a big capital gain. They are interested in ...
Shane Barrows
When to buy whole life insurance
Ok so I grasp how whole life works.
But in order to use it correctly should I have a lump some ready to put in on first payment.
Example 50k policy 4% return 2k first payment required monthly after that is $35
So...