In Florida, Joe Smith purchases a vacation rental property by having the highest bid at the court house.  Three weeks later, Joe offers to sell the property to Mary Kay, an interested Buyer, at a reasonable profit.  J...

Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. option 1: someone told me that property taxes are about 1.25% of a property's purchase priceoption 2: the mortgage est...

Hi Guys,
If we received  36 k as a rent  on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...

Hey guys, how does taxing a trust works?
Lets say there is a paid off property in a trust that is worth 100K, and brings 1K per month per rent. So its about 12K per year in rent. But, lets say we spend 2 k per year i...

John Doe serve in the military and met his wife Mary Doe overseas. They came back and purchased a property and placed it in both of their names. John Doe passed away in 2010 John's aunt and nephew attempted Affidavit ...

Hey guys, Could you please help me out?Lets say I have one paid off property, if I put it into a trust- taxes seem pretty high...So its a no go...1) If I put it into a one member LLC then taxes are paid by the LLC own...

Bought it for - $189,000Rehab Cost - $85,000Listed - $379,900

Hi guys,My 1031 exchange may fall aprat.I am trying to figure out how much would I pay in taxes on a property that I sold?I sold it back in May for 120K, I bought it for 25K back in 2009I am in a 30% tax bracketAm I c...

I found a great vacant home and I found the owner. The problem is that the owner doesn't believe she has control of the property anymore, since she went through bankruptcy. The house is slated for tax sale for $4...

Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...