Taxable income is not cash flow.There are a myriad possibilities for taxes.

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

Good evening team! Glad to be part of this network. I’ve done 1 rental property and sold it to gain capital and did 1 flip that didn’t go so well so not 100% experienced to say the least. I wanted to get back in the g...

Hello,I was wondering if anyone has participated in the Philadelphia tax foreclosure auction recently and how long it has taken you to receive the deed?

Yes to avoid taxes and penalties (under 59.5) the money would need to stay in the retirement account.

Or US govt giving money to Iran.  

Tax liens in MD are good for two years. 

Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.

Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.Here are the negative consequences, in regard to real estate, of filing bankruptcy1.