Ben Pearce
House Hack Accounting Help
16 February 2024 | 6 replies
The total monthly payment will be pretty close to this: P&I - $1,295, Taxes - $420, Insurance - $175, PMI - $220, for a grand total of around $2,100/m.
Charlsi Kelley
Helping Single Moms with Home Ownership- a rent to own model?
19 February 2024 | 28 replies
The associated costs, such as increased insurance and property tax, could pose a challenge under this model as well.
Angelo Cortez
Claim paintings as furnishings for STR for Schedule C?
16 February 2024 | 6 replies
https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals
Matthew Russo
New Motivated Rookie Intro!
18 February 2024 | 20 replies
If you're looking for a landlord friendly state with lower taxes and a market with lots of potential for appreciation, Columbus could be a good fit.Best of luck as you start out!
David Green
Using IRA to buy rental property
16 February 2024 | 26 replies
Roth IRA distributions will be tax free.
Jennifer Porterfield
PA tax on Sheriff Sale and Funds for Pmt
14 February 2024 | 7 replies
Obviously 1k is not enough to cover the transfer tax and Sheriff's fees... 2) I thought Sheriff's sales were exempt from transfer tax in PA?
Audrey Blotz
To sell or continue renting…please help!
16 February 2024 | 9 replies
Tax free money is always something to consider and even BETTER than a 1031 exchange which only defers taxes.
Rafal Soltysek
Out of state rentals
16 February 2024 | 22 replies
Nevada is landlord friendly and low property taxes.
Account Closed
Equity Partner Wanted for High-Potential Short-Term Flips in Atlanta
16 February 2024 | 7 replies
You really don’t want to sell in under a month or you’re facing regular income tax plus self-employment tax instead of capital gains tax or zero tax if you move in.
Cederic Frank
Strong Househacking Markets Near Me
16 February 2024 | 11 replies
I have advised many others through the process - there's some tax consequences you should be aware of.