For Tax Return 2022, it is my first time I need to pay tax to IRS ($269).

Bu equally important that the seller is current on their property taxes.

I do have a follow up question, would we not save on taxes by doing a BRRR strategy vs buy and hold ?

And whatever taxes are owed (unless he's talking about income taxes) should be in holding costs. 

Additionally, consulting with a mortgage broker could open up more avenues.

There a ton of pitfalls that can just crush you. from bad tenants from hell to city regulations that are impossible to figure out to taxes to bad rehab jobs etc.

Bonus depreciation is a tax incentive provided by the U.S. government to encourage business investment in tangible property.

Hi BP community, I have a unique homestead tax question.

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. 

@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