Uendy Garcia
Would you go through a flip for 30K or less before taxes?
Hi Everyone,
I am new in real estate, purchasing my very first investment property. My partner and I are under contract to buy a SFH in Fishtown, Pennsylvania. The house is build in 1875. The inspection showed mo...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Deborah Wodell
Thoughts on Using DSCR Loans
Hi fellow investors,
I’ve been hearing a lot about DSCR (Debt Service Coverage Ratio) loans lately, especially in the context of long-term buy-and-hold investments. For those of you who’ve used DSCR loans, I’d love t...
Lubasha White
Lis Pendens from nowhere
Please anyone with experience of buying foreclosures could you help with advice in this situation?I bought SFH in March at foreclosure auction and got certificate of title on this property. Several days ago I started ...
Chris Howard
Flips owned via Land Trust in a separate LLC from rentals?
Hello all, should you keep flips separate from an LLC that holds rentals? If so, why? Other than asset protection.Is the income taxed differently? I typically like to take title via Land trusts and have the benefici...
Sterling Hiebert
roth IRA overcontributions
hello all,so here is the situation, I am just now learning how to handle my own finances. a few years ago I opened a managed roth IRA but this summer I decided it was time for me to actually learn where my money was g...
Jevon Reile
Commercial Rental Storefront with STR above.
Has anyone purchased a commercial retail space property with living space above and used to living space as a short term rental? From a tax perspective can the building be divided by square footage with the retail spa...
Darnell J.
Quieting a Tax Title in New Orleans, LA
I purchased a tax certificate property from Civic Source, of which grants possession and ownership of property following the expiration of the redemption period, or if redeemed within redemption period the owner will ...
Simon Stahl
California LLC taxes explained
HiI have formed an LLC in California. I did this because I will need an LLC to be able to get a loan from my HM lender. Filing date was July 14th 2016, but so far I have not done anything with it. I am the only member...
Forest K.
Purchasing Vacant Lot (Owner Owes Back Taxes = Property Value)
There is a vacant lot behind my home and I'd like to own it and I wonder if the BP community has any advice.
I live in Lexington, KY. The vacant lot is valued at $15K by the city. It has been handed down through a f...