16 November 2025 | 1 reply
Catching discrepancies now prevents messy surprises during tax prep.2.
25 November 2025 | 8 replies
Taxes & paper trail.Make sure your refinance documents and deed transfer clearly show the ownership change between the entities.
25 November 2025 | 9 replies
Since you mentioned owning STR's, you might want to have a conversation with an accountant to see if these properties would be considered active instead of active, especially since it sounds like you are self-managing the properties.This test is a little bit easier than trying to claim Real Estate Professional Status(REPS)
23 November 2025 | 12 replies
Assuming title, taxes, insurance are equal across the board overall costs would typically be about $1,250 in lender charges, appraisal maybe $700-900, credit report for $100.
6 November 2025 | 2 replies
But my kids are really into Tax Sales ~ but the best deals they get are using the tax sale list to contact owners . . . offering to clear / pay tax debt and give owner some $ for house ( so they can afford to move out. )This must all be done BEFORE the auction If owner does nothing, and house sells at tax auction, then they get nothing ~ loose the house and the sheriff evicts them This is all not easy ~ and the success rate is probably less than 1% . . . but they've got some amazing deals.
20 November 2025 | 6 replies
From a tax perspective, it only makes sense if the numbers and benefits justify staying financially tied to an ex.
14 November 2025 | 15 replies
They work for some people and not others...they are also not a tax avoidance tool, they are a tax deferral tool.
3 November 2025 | 6 replies
We have an account with datatree and propstream which both show property taxes on a property.
26 October 2025 | 13 replies
Samantha - for choosing an accountant, there's 20+ of us accountants on BP.
1 December 2025 | 6 replies
The main factor in addressing your question is based on income so your qualifying income and that formula (46.99%front/56.99% back end) will determine your maximum borrowing power or ability.the front ratio of 46.99% is just the monthly PITIA(principal/interest/taxes/insurance/assessments) divided by your income.