Property in Los Angeles County is free and clear of a mortgage but delinquent on property tax this year. Property may be subject to probate as father passed away but children are slobs and house is falling apart due t...
I use private funding on all my purchases and typically I issue a mortgage and promissory note but amazing New York decided that they want to have a "mortgage tax". My thought is to use a rental property I own free-...
I am under contract for my first rental property, a duplex. I was referred to lender by agent. We worked out a rate, about a point higher than advertised rates since this is a rental, 25% down. I'm told that is t...
I just purchased a model home and leased it back to Ryan homes. This is in our contract. My question is, does Ryan homes (the Tenant) have to pay the property taxes, per the contract. I live in FL. If you need mor...
If i want to build a huge investment portfolio,should i buy rentals under my name,company or trust for good tax benefits?
Assuming I'm a Canadian resident for tax purposes, to buy US property would it be better to incorporate in US, incorporate in Canada or avoid investing in US all together and why?
This deal wraps up our 12 Days of Note Investing where we review, dissect and analyze note buying strategies on real life transactions. Thanks for reading and I wish everyone a Merry Christmas and Prosperous New Year...
My 2 neighbors in Southern California are considering building a larger apartment complex across our adjacent 7,000sqft lots. We purchased our properties decades ago and Prop 13 has kept our property taxes to less tha...
If cash out proceeds from rental property are used as down payment for owner occupied property, is interest expense on rental property eligible for tax deduction? If not, does the timing of the transaction have any im...
My partner and I have invested in a commercial property with 4 units.. we went all in on this property in a tax repo. (All Cash) We are at a crossroads of what to do next. We were originally thinking of selling after ...