Ridge Rees
Springfield IL Investing
Ive been considering the idea of investing out of my state and I've been looking at a particular area in Springfield Illinois. Is anyone familiar with this market? I know they are a state with one of the higher proper...
Daniel Walker
Buying across a state line
BP Team, Need to crowd-source this one--I'm currently on the hunt for another Chattanooga rental. Given demand, price, and inventory, I have expanded my search to just across the border in northern Georgia as well. Wh...
Account Closed
Property tax percentage increase for 2nd, 3rd, 4th homes
Hi all,In overseas, a property owner pays a higher percentage for property tax for the 2nd home than he/she does for the 1st home, and pays even more for the 3rd, the 4th, etc.Is this the case for the States as well?D...
David Smith
Rehab, then sale after renting for 1 year, or refinancing & rent
I see many flip within a year; tax rate is too high. Do you hold the rehab property in LLC to minimize risks?
Phoebe Chang
When running numbers for a deal, do you include income tax?
Just wondering when you are purchasing a rental property, do you consider the income taxes you would be paying? Sometimes by including the income tax (my marginal tax bracket is 44% here in Canada), a positive income ...
Adam Franco
Understanding Seller Perspective on Owner financing-Tax benefits?
So I'm getting ready to present an offer on a $2M apartment building and I would like to understand seller needs/wants. 1). Will they have capital gains tax? (He's owned it for many years), 2). If he charges me int...
Tim Stuart
Property Taxes and Prop 19
Hello BP community, I have a question regarding Prop 19 property tax rules.
Can I inherit a property from my mom and keep her property tax rate even though she is no longer on title?
Thank you all!
Tim
Andrea Ives
Evaluating Investment Worthy Markets
I am having a little trouble deciding what market I want to begin my real estate investing journey in. My current market is too hot and in my opinion overly expensive *sigh.* I will be using an FHA loan so whatever m...
David Fals
401k contributions or Real Estate Investing
It's the end of the year and I am considering investing in a rental property as a first-time owner, who already owns a primary home. However, I am also thinking about whether I should max out my 401k like I did this y...
Jason Murray
New member from Pickering, ON (just outside of Toronto)
Signed up a few days ago, just now getting around to an introduction.Longtime stock investor, relatively fresh options investor, now contemplating real estate. Still have not made my first offer, not even close. I've ...