We are selling some property on Land contract and I would like to use a loan servicing company to collect the monthly payment, and setup escrow for taxes/insurance.

Hi All,I have a unique situation - I bought a house all cash in 2021 in Omaha and rent it long term making all cash flow (minus taxes/insurance).  

Here;s the key : Postion your investments in real property so that the investments can take advantage of ALL of the following: 1- cash flow 2- equity build up through loan amortization3- price appreciation4- tax benefitsThe LEAST important of the 4 above are tax benefits as investing through a retirement fund, ESPECIALLY ROTH, will provide tax shelter itself.  

Is there anything tax related I have to take care of before the next tax season, or can I just open the necessary accounts and get started?

Hi all,I'm nearly done with my taxes so I want to start prepping.

Completing your profile with clear details about your interests and expertise is a solid start.

Be mindful of your property taxes.$5625/acre is a steal compared to TN land I've been looking at. 

Hey Landon, I only know of one tax court case where someone with a w2 was able to qualify as REPS.

@Jack B.Financing does not affect capital gain taxes.

Do I need to pay quarterly taxes and if so is this doable on my own or should I have a CPA do it?