You are better dealing with the listing agent then having another involved. then you can work a better deal. agents / brokers rather not share their commission. 

Hi everyone, I have quick question, bought a propoerty on 03/2018, ever since then I have a lot repairs and is not cash flowing, will there be any short term tax involved if i want to sale now on 08/2018Thanks

I am new to investing and am trying to be involved in any real estate dealings I can, to learn and network.

You then report the income in CDA and a credit for US taxes paid.

We haven't had much experience with the taxes involved with rental properties, but are trying to optimize our potential deductions.

I had originally looked into multi-family units as a possible stepping stone into commercial real estate down the road but was dissuaded by some of the online reports I found regarding crime statistics in the neighborhoods I was canvassing.

View report *This link comes directly from our calculators, based on information input by the member who posted.

I brought up the idea of purchasing subject to his existing mortgage from the realtor who is representing him, but they asked how would we report that at the closing table.

Hi Ryan-Banks generally won't count rental income unless it was reported on your taxes, correct.

View report*This link comes directly from our calculators, based on information input by the member who posted.Ok, I'm trying to understand better this deal.