Neil Polehn
Using the tax code to pay for upgrades to my dream home (hopefully)
Hey All,I just used a cash windfall to buy my dream home in San Jose for 1.6M and, as it was very dated inside, I am spending 200K to dramatically upgrade the kitchen, bathrooms and flooring with premium materials an...
Account Closed
Will a Real estate Investor pay 16k in Taxes owed on a Home?
Will a real estate investor Pay around 16k in Taxes ? Selling Price 50k , ARV of 136k Sqft of home 996
Padma Mody
Do you pay sales tax when you buy from Home Depot or Lowes?
Currently, I am rehabbing single family house and my contractor told me that, since I am using business credit card, I don't have to pay sales tax. Is anybody doing this? Do you pay sales tax when you buy things for y...
Daniel Rutledge
Using Tax Rebates from a Solar Loan to invest or pay off debt
So this is going to seem non traditional but I thought I would share as I am always looking for creative ways to help my bottom line. I am installing solar on my primary home but this post isn't about why or why you s...
Hiral Lai
How to minimize taxes you pay and best way to fund a deal
Hi All, I am trying to figure out the best way to fund a potential deal. My company awarded me some stock a while ago which recently vested. I didn't want to get hit with major taxes if i sold it. Is there any way to ...
Sam Leon
Is paying off a mitigated lien to the city a tax deductable expense?
I am in the process of purchasing an REO property with a number of violations
by a previous owner accumulated over time (years) to a very large sum. As of right now it is about 340K, and by the time I clo...
Padric Lynch
Can I pay a contractor with cash and still write it off (taxes)?
Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?
Account Closed
Newbie Stupid Tax - How Much Does It Cost? How Much Will You Pay?
We were all newbies at one point. I, even I, made some Grand Stupid Mistakes (early on ;-). I wouldn't be able to add up how much "Stupid Tax" I paid getting my real estate investing career underway. Granted, we all s...
Bob B.
Possible sale of SFH Rental Portfolio options 1031-DST-721 Pay the Tax
Hi,I have read a lot of the posts and I will throw out my scenario and share with you were I am getting into analysis paralysis and see if someone provides some thoughts, ideas, feedback that might help me break the c...
Mike Auerbach
1031 Exchange - Why Bother You'll have to pay taxes eventually right? - Biggest Myth
There is a lot of false information out there regarding 1031 exchanges and one of them is that you'll have to pay taxes eventually. That's a myth!If you keep rolling one 1031 exchange into another until your time on E...