All Forum Posts by: Justin Provo

I am interested in investing in tax liens and I'm curious how the revenue from tax liens is reported to the IRS. Are there any IRS documents associated with purchasing tax liens (even if they are redeemed before foreclosure)?

I figure it's a short-term capital gain (if redeemed in less than a year) then the revenue is taxed at my earned income bracket tier. I figure if I have to pay taxes on it at some point anyway and have to pay taxes on it as earned income anyhow (whether I have a private entity for transactions or use my self-directed IRA), then I would rather have the tax lien in a more liquid and accessible entity if the lien go to foreclosure and I acquire the property.

I realize that all of this is subjective and depends on investment and tax reporting strategies, but I'd like to hear from other people's experiences.

Hi BP family, 

My name is Justin and I am a real estate agent from Chicago, IL. I recently pulled a double cross-country move and relocated my best friends into Scottsdale and my parents into Surprise back in late July. I fell in love with AZ and am interested in potentially buying my first investment property in AZ. 

I will be staying with my parents in Surprise from November through January, and potentially longer. I have a full-time job outside of real estate and have just recently gotten a new position where I can work remotely. I am looking to network with wholesalers and investors to buy my first investment property (either a flip or a buy-and-hold). I am not opposed to areas outside of the Valley if the deal is there.

I would love to take someone out to dinner and pick their brain about the various neighborhoods. Additionally, if anyone is a part of any REIA groups, I'd love to go to some meetings while I'm out there.

Can you please add [email protected] and [email protected] to the list! 

Much appreciated!