@Monica Juarez-Gonzales Cost Seg and Solo 401k are both great tax and financial tools!

There is much confusion about the 4% and 6% in property taxes.Non owner occupied property is taxed at 6% of the value to get the taxable value.This does NOT mean your actual property tax is 6% of the purchase price for rental property,In reality property taxes are about 2% of the purchase price for rental properties and about 1% of the purchase price for owner occupied properties.Google Greenville County Property Tax estimator and play with it and get a sense of how it works.3.

The portion allocated to qualified use is tax free. 

@Magda RoseBigger Pockets is a great place to find a real estate accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.

A local broker/investor has recently bought a tax lien for the house next door to us.

AND, if you ever sell without a 1031 before you die you’ll probably end up paying higher taxes in the end.

This can get technical, and it is case by case, to be discussed with your tax accountant.

Does anyone know of an income relief program in North Carolina for property owners that have short term rentals that are not renting due to hurricane impact to an area?

Wells Fargo initially quoted $1M value at for the house so they said $5.5K for the county tax (.05%) and $13.1K (1.28%) but a total of $18.6 in taxes but that seems really high

@Carlos Rodriguez we've got Canadian clients from Toronto and Vancouver.Have tax attorney, CPA, etc. to assist also:)DM us if interested in chatting...