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18 February 2024 | 3 replies
@Sara HabtomJ Scott's book pair about flipping and estimating flips was pretty comprehensive and no upselling.Amanda Han's two books on tax strategies were also pretty good starters.
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16 February 2024 | 2 replies
Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland?
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19 February 2024 | 38 replies
On the other hand, a SFH is generally farther from the water (I'm trying to stay within golf cart distance to the beach), has less amenities than a condo, and higher property taxes, but seems like it would offer more appreciation than a condo.
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20 February 2024 | 24 replies
What I mean by this is considering how much your down payment returns to your net worth (appreciation, loan paydown, tax benefits, AND rent avoidance).
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18 February 2024 | 4 replies
Good choice :)Being able to start a journey of deferring that tax will compound for you as long as you keep the new properties or do a 1031 whenever you sell one.
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18 February 2024 | 2 replies
If you combine them then the courts (and tax courts) deem it a loan and cause a foreclosure action and you to be taxed differently than if it was a lease property.
16 February 2024 | 9 replies
If your already in a high tax bracket, then the commission will be taxed at that rate which may be more than the capital gains.
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17 February 2024 | 25 replies
She was told if she doesn't have 2 years of tax returns, then she won't get approved.
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18 February 2024 | 3 replies
I would love to see the numbers: mortgage, insurance, taxes, rent.
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16 February 2024 | 16 replies
I am doing my own taxes for the first time in years with Turbo Tax program for 2022.