Fanny-olga Calderon
New member from New York!
Hello RE people!!...I am Fanny-Olga from New York city, currently a self employed & getting my feet wet on the RE investing industry. I would like to invest in Florida (Yes, I took a course in tax lien & tax d...
Nadine S.
Unusual house flipping situation
Hi everyone! I made my first post just the other day and was so pleased by the quick and informative replies I figured I would try another one.
My husband and I have the opportunity to purchase a home at a very good...
Aaron Johnson
first year filing taxes as a real estate investor.
I purchased a duplex in Worcester, MA this September for nearly market value, since it’s a competitive market. Especially, at the age of 23 with a FHA loan. I got a unit rented out in November for S2,000 utilities inc...
Logan Jamieson
Annual gift exclusion
Hey all,Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.Due to current mortgage rates I am exploring ways of getting creative. I have the opportunity of a parent who has...
Daniel Sanchez
Renting out our home with my parents on the mortgage
Hi all,
I'm new to all of this and hoping this question makes sense as I"m having trouble putting my questions into words! I also hope this is the correct board for the questions I have. While I was still in college I...
Raman Bindlish
Acquired property in December - does it go on tax return?
I acquired my first out of state property on Dec 15, 2015. I rented it out starting January 2016. So, there is no rental income or expenses of any kind in 2015 other than purchase cost and some pro-rated tax and insur...
Michael McCullough
Could a Single Family BRRR Work in Southwest Portland
Hello everybody, I am hoping to house hack while I attend law school at Lewis and Clark in Southwest Portland. I am hoping to find a BRRR investment, most likely a single family home, fix it up over the summer, refina...
Melissa N.
Out of State Tax in Columbia SC?
Hello BP family, We are looking to buy in Richland county (Columbia South Carolina). I know there is a higher tax rate for non owner occupied SFR but does the tax also apply for small apartment buildings (10 units)??T...
Azin Eftekhari
Depreciation not enough to offset taxes
Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
Andrew Syrios
Jackson County, Missouri's Outrageous Property Tax Increases
Anyone who invests in Kansas City has to know that Jackson County has outrageously jacked property taxes through the roof. I recently got an op-ed published in the KC Star refuting all of the pathetic attempts to rati...