Nick Drury
Buying into a fully depreciated property...options?
My business partner owns a large multi-family property that he’s offered I buy into in the near future. I’m very interested in the deal, but he’s owned it for a long time and there is very little depreciation remaini...
Scott B.
Cash Out Refinance Tax Implications
We've just completed our second out-of-state rental purchase and with the recent rate cut our lender suggested a re-finance on our primary residence (he's hustling for money, good for him I guess. lol). That should be...
Joe Pitrolo
Tax Questions Notes, L/O
If you sell a mobile home on a note, let's say you have $3k in the property and you collect $1k down and a not for $6,500, sales price is $7.500, do you pay the complete sales tax immediately or wait till the note is ...
Teddy Kogan
Bank financing and unemployment
I was laid off from my construction management job a while back and I'm thinking of getting started in REI as it doesn't look like I'll be finding a job anytime soon. My credit score is in the 700 to 750 range and ha...
Ryan K.
Cash in 457 Plan to Pay Off Rental Property?
Ok here’s the scenario and rationale:My dad retired a few years back, he’s got a great pension. He parked his buyout money in a 457 plan. He’s got a good rental property that fetches $1450 per month. What he owes on t...
Anthony Cologna
Account in NJ proficient in QB online?
I’m having such a hard time getting the right person to take care of my Quickbooks and file taxes for my Real Estate investment business I’m in NJ and I had the same accountant for 25 years and he retired two years ag...
Nick Gray
Tax Considerations for Limited Partnership w/ Seller
I am in talks with a multi-family owner who would like to sell me his property, but stay on as a 20% owner as I re-position it over a 2-year period. This raises some tax questions for me. This property is in New Hamps...
Reese Peterson
living in jacksonville florida or orange county california?
Hi everyone!
Have you lived in both Jacksonville FL and Orange County? I am currently living in orange county. the living expense in Orange County is pretty high so I am wondering if I should move to Jacksonville FL....
Reggie Rearden
Some encouragment for the Newer Investor
Hopefully this will encourage all, specifically the newer investor:My wife and I used to basically live paycheck to paycheck. We decided about 2 years ago that we wanted more opportunities and freedom, which is when a...
Tyler Harrel
Taxes on selling home
Hello All,Looking for some guidance on the profit made from selling a home. I understand that there are closing costs, fees for realtors and possibly repair costs associated with paying for when selling a home, but I ...