Hi. I work for a small Engineering firm where we have a Simple IRA plan. The maximum tax deductible contributions for this plan are $11,500 per year. I have always tried to contribute this amount every year, because, ...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $390,000

I purchased this single family house in the Twin Cities (Minneapolis-St. Paul) to rent out and also hold onto ...

I am in the process of flipping a house with my brother where he is acting as the project manager for the flip. I intend to pay him a % of the profits when we sell but I am unsure on how I should treat the tax liabili...

Heres the situation:1. My income from my job is low. 2. I have a cash flowing rental property.3. My goal is to become more "bankable" (a better candidate to be approved for traditional lending) Question: Should I clai...

What do you guys do going into a conventional loan? Do you obtain a mortgage and supplement it with en escrow account or do you pay property taxes and insurance yourself? Usually banks want to give you a bit better de...

I just received a check from a northern Arizona county that pays off 7 years of tax liens I hold on a vacant land parcel. I earned 16% on the money. This was a simple vacant lot that had a foundation but the home was ...

I purchased a tax deed, waited the redemption period, completed affidavit in newspaper about redemption. I currently have no plans to sell the house. I have it insured. However, on the tax website for Fulton County, t...

Hey BP! I recently just sold my first investment property that I purchased about 2 years ago. I made a good profit on the sale and I was going to do a 1031 exchange but I am in a situation where I have to help out a f...

I just went through two 1031 exchanges this past year and now Upon finalizing my taxes my CPA is telling me I owe capital gains because my loans on the newly purchased properties are less than the loans I had on the p...

I used to work in Washington DC and it always amazed me the different issues that impacted different association, org, industry, ect. Issues that I would not have thought impacted a certain group.

So my question ...