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Results (1,215)
Hen Ley How avoid reporting sales price in MLS?
3 April 2023 | 28 replies
in Non disclosure states your tax records will show purchase price 10 bucks.. this is how they work in Mississippi.. so if its off market there is no way to know what someone paid for it.. the assessor assess it by local values for tax purposes.In CA in the good ole days it was common for developers to pay more stamp duty.. as you could back into sales price by figuring out the transfer tax as it was based on a % of the sales price.. so developers would pay more on purpose to give the illusion they paid more than they really did..  
Teddy Patrick jr Question about capital gains tax
23 February 2014 | 9 replies
If so, you buy in Teddy LLC, and then sell to Teddy individually, the spread will be taxable ordinary income plus self employment tax, as the profit passes thru the LLC to you, unless the LLC is taxed as a Sub S.
Ben Kirchner Investing in property abroad
9 October 2018 | 4 replies
I really know nothing about the rental market in Sao Paulo, Brasil, so I'd have to do my research. 
Ronaldo Luiz New member from Brazil
1 January 2016 | 1 reply
I'm a new member from sao Paulo, Brazil.
Julieanne Zenz Need accountant/tax preparer in Chicago area
20 May 2016 | 2 replies
Now I am in the process of searching for a CPA/tax preparer to help me minimize the impact of the depreciation tax as well as prepare my company's annual tax work.
Val Berechet Capital gains and income taxes on property in Mexico?
29 January 2022 | 40 replies
@Val BerechetAt its simplest, you either pay the capital gains tax as a percentage of sales (25%) or net profit (30 or 35% - check for the latest figures with your tax advisor.In most situations, the net profit route will be the most advantageous just based on those percentages.
Rene G. Purchasing Rental with Home Equity?
3 January 2017 | 9 replies
If you rent out your current home and don't sell within 3 years, you lose the homeowner exemption on capital gains tax.
Wesley Adams Looking to buy a duplex in Portland or Vancouver
19 March 2015 | 28 replies
Alaska has no personal income tax as well.
Danielle G. Small Single family home deal advice..
23 July 2014 | 10 replies
Rolling the insurance premiums into the mortgage and amortizing over 25 years, your mortgage payment would be just under $400/mth {though I would recommend paying bi-weekly}.Let's look at the operating numbers:Scheduled rent:                       $750/mth       $9000/yrVacancy allowance (10%):     $75/mth         $900/yrGross revenue:                        $675/mth       $8100/yrOperating Expenses:Property taxes:                        $100/mth         $1200/yrInsurance:                               $90/mth         $1080/yrWater & sewer:                         $93/mth          $1120/yrMaintenance (10%):                  $68/mth          $810/yrProperty Management (10%):   $68/mth           $810/yr       Total:                                 $419/mth          $5020/yrNOI:                                           $256/mth         $3080/yrDebt service:                              $372/mth        $4464/yrCFBT:                                         ($116)/mth      ($1384)/yrYes some of my allowances may be conservative and I upped the property tax a little from what you mentioned in your post.  
Zachary Dosch Abolishing Property Taxes
4 May 2012 | 28 replies
Their is a movement in Texas to abolish the property tax and the franchise tax (a poorly disguised state income tax for businesses) and replace with a broader sales tax.