#real-estate
Real estate accounting, property tracking, and investment management
Nonrecourse foreclosure is taxed on the full balance; a recourse shortfall becomes ordinary IRS cancellation-of-debt income — same default, different bill.
A balloon loan amortizes over 30 years but matures in 5 to 7, leaving most principal due at once — refinance early or fund the lump sum deliberately.
Under IRS Rev. Rul. 2004-86, a DST interest counts as like-kind real estate — roll sale proceeds into passive property and defer gain under Section 1031.
A $38 NNN quote can cost more than a $45 gross one once taxes, insurance, and CAM land on you — compare total occupancy cost, not headline rent.
A reverse 1031 exchange lets you buy the replacement property first under the IRS safe harbor — then sell the old one within 180 days.
Lump sum at a fixed rate versus draws as needed at a variable rate — and the IRS allows the interest deduction only when the money improves your home.
PITI — principal, interest, taxes, insurance — is your real monthly mortgage payment, and the 28/36 rule caps housing at 28% of gross income.
RESPA locks lender fees to the Loan Estimate quote, bans referral kickbacks, and caps escrow cushions at two months — know the buckets before you sign.
A quiet title action clears liens, heir claims, and recording errors by court order — uncontested suits take 2-6 months and cost $1,500 to $5,000.
Schedule C is for businesses, Schedule E for rentals and K-1s, Schedule F for farms — and the wrong schedule can cost 15.3% in self-employment tax.
In a growing list of states, a no-impact home business needs no city permit — but HOA bans still bind you and taxes still apply.
The NPMA-33 is the termite report VA and FHA lenders require at closing — what inspectors document, when it is mandatory, and how to sell the service.
