Jerry Rodgers
Pay Now or 1031 tax exchange?
Hello Everyone. I have been blessed over this last year in my rehab business now I need some tax advise from others on BP so that we don't bless the tax man so much :) I have been rehabbing homes since last summe...
Account Closed
Who Pays property taxes at closing
Hello everyone Who is supposed to pay the property taxes when an investment home is purchased? I would come to believe that I am responsible for the taxes AFTER closing and nothing before. If the buyer ended up payi...
Keisha D Dobney-Boykin
Property Taxes paying to much, maybe...
I think my property taxes are to high and I think I need a lawyer, maybe. So my property is in Columbus, Ohio area and when I built I was quoted a tax rate of 3k. Now my taxes are 6k. When I called the town I was basi...
Bofan Xu
Property Manager paying my property tax
Everything when it is time to pay for property tax, my property manager would pay the property tax for me using money from her own account, and then transfer the same amount from the rental property business account t...
Nate R.
Pay property taxes out of escrow?
Is there any reason I wouldn't want to pay property taxes out of escrow?I can't remember where I read this but I read it's better to pay separately, as it makes it easier to track or some other reason.
Justin Ossola
Escrow services for paying property taxes
Good morning! I have a property that we paid cash for located in Maui County. We are trying to streamline our process and right now we are having to manually set aside funds for property taxes that would normally be h...
Samuel Carmichael
4plex income ( do you pay taxes?)
Hi BP Team,
If I buy a 4plex and am using the rental income to pay down the mortgage. Do you pay tax on that income before you can use it?
Or can you put the full rent amounts you collect straight onto the mortgage...
Andrew Martel
LLC's, Taxes and My Pay Check!!
Hello Everyone!I have a few questions in regards to LLC's. Here's a quick backgroundI have one property right now (the one i live in) but will soon be moving out of state and renting it out. I'm looking at going int...
Kimani Kironji
Why pay taxes on Abandoned homes
Am looking at the abandon homes in my area that I have been watching.
These homes have been vacant for almost 12-18 months .
If you look at the homes on the county website the taxes are current .
Why pay taxes on a...
Cody Neyman
Do i have to pay taxed?
Ok I sold a house I have been living in for 4 years in PA. Do i have to pay any taxes on the profit from the sale? I have read that after 2 years you do not. I am going to be entering into a land contract for a rent t...