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17 February 2024 | 7 replies
Bu equally important that the seller is current on their property taxes.
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16 February 2024 | 22 replies
@Artur A. you're welcome.The general rule is you pay taxes in both Mexico and the US according to each country's tax code and then, courtesy of the treaty between the two countries for the avoidance of double taxation, you'd credit the taxes you paid in Mexico against your US taxes (related to the property only).If you invest in your own name or through a bank trust (fideicomiso), OTAs will withhold the tax to be paid to Mexico as a percentage of the gross income.
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18 February 2024 | 47 replies
I do have a follow up question, would we not save on taxes by doing a BRRR strategy vs buy and hold ?
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17 February 2024 | 40 replies
And whatever taxes are owed (unless he's talking about income taxes) should be in holding costs.
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17 February 2024 | 9 replies
Bonus depreciation is a tax incentive provided by the U.S. government to encourage business investment in tangible property.
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15 February 2024 | 3 replies
Hi BP community, I have a unique homestead tax question.
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18 February 2024 | 54 replies
It equates to 60% down and a builder buy down of the rate plus closing help and it would still look like a bad investment to an outsider who didn’t know about the $100k in taxes I saved.
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19 February 2024 | 67 replies
@Rajshekar Manaliker I’m here in south Florida and we’re still moving and shaking with a good amount of incoming residents from income tax paying states
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17 February 2024 | 13 replies
I do know there's tax benefits and tenants paying the mortgage off for you.