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7 April 2024 | 7 replies
The problem is the property taxes.
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7 April 2024 | 4 replies
I'm working on filing my taxes and need this piece but don't know where to go to find my land value.Thanks
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7 April 2024 | 2 replies
The tax courts have created a pretty effective standard for considering the legitimacy of refinances prior to a 1031 exchange.
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5 April 2024 | 3 replies
Hey everyone still new here. lots of great info on this site, Shame I didn't find it sooner. so what is the general consensus amongst the REI communities on tax lien auctions?
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7 April 2024 | 16 replies
Not to mention agent fees, staging, and short-term gains tax from the sale.
7 April 2024 | 6 replies
Is it better to buy a primary house with 5% down and stay for 2 years after which I can rent out (hoping rents increase by then) if not I can sell it and be and be exempt from taxes on capital gains.2.
8 April 2024 | 5 replies
You can use a co-borrower just make sure they have good credit and a (2) year work history of W2 income.Try and avoid self employed co-borrowers because their tax returns typically do not show income and are full of deductions.
7 April 2024 | 2 replies
They could use the tax break for gifting into someone's 529 and I wouldn't claim the money that goes straight into the kids 529.
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5 April 2024 | 4 replies
So we have a networth so far of:104k - 15k = 89kBut, we depreciated the property for 2 years at 3.7k/yr total 7.4K taxable amount which we would owe about 1.8k at 25% tax rate (I might be off a bit here and there)Final total net worth from what we thought it was 120k now is 87.1k which is a big difference!
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6 April 2024 | 1 reply
If you have or buying a rental/airbnb or even fix and flip. Do you want the property in business name/LLC etc?Also if you have a business for just buying/selling land only and spend money/milage traveling to properti...