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25 January 2025 | 14 replies
@Emily Gowen so as you pointed out you would not have to do a 1031 exchange on your current home to avoid the capital gains tax and coupled with what Dave Foster pointed out I think, speaking from experience you would have a high likelihood of success.
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15 January 2025 | 3 replies
Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.
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17 January 2025 | 2 replies
They are so tax beneficial!
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11 February 2025 | 8 replies
Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.
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5 February 2025 | 4 replies
But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).
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8 February 2025 | 14 replies
Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.
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4 February 2025 | 7 replies
Quote from @Joshua Alcantara: Quote from @Peter Walther: I've found many properties with title issues wind up with unpaid property taxes so checking on delinquent taxes, tax deed sales and lands available for taxes might help you identify some.Thanks, Peter, for the info!
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3 February 2025 | 1 reply
Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.
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7 February 2025 | 6 replies
But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax.