Marek J.
After tax return question
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
Dan D.
Investing and Property Taxes: States
Do you guys/gals ever predetermine which state/area to invest in by state/county tax rate?When I view some of the properties for sale in the marketplace; I review the figures and get to the taxes and see a big differe...
Aaron Jones
Chicago Rental Properties
I’m looking to purchase my first rental property and I have an opportunity for a 4 unit in Chicago. One of my major concerns is of doing any type of property in and around Chicago the unnerving cook county tax rate. I...
Vaibhav Puranik
Northwest Indiana (Lake County) Property Tax
Hi all,I was analyzing some properties in NWI. The question I was trying to answer is what's the property tax rate for the region (Lake county). Here are 5 properties from Merrillville. You can see that the tax rate v...
John Gach
Florida property taxes, do they increase when you buy?
I heard that the new purchase price of the property causes taxes to go up a lot? Not sure if that’s true or if they can only raise the taxes so much per year?So if I’m looking at property in Florida on trulia, and it...
Cameron Belknap
Rental Property Depreciation Cash Flow
I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...
Ryan Agustin
Tax Question: Selling Apartment Complex
Hi All,I have a property in the Columbus, Georgia under a LLC. If I'm looking at $150K gross profit after the sale, how much of it will go to paying taxes?
Tylere Weaver
What to expect in tax adjustment when buying above assessed value?
when looking at a property and the assessed value is less than the listing price how does one figure out what the new tax rate would be. For example if a 5 unit is assessed for 100k and taxes are 10k a year. The 5 u...
Mallikarjun Reddy Pateel
Seller Financing Tax Benefits to the seller?
I'm currently in talks with a Senior Owner to buy his 10 Unit Rental Property through Seller Financing. i have couple of questions Regards to tax benefits to him. so I can speak more Confidently about this deal.
Numb...
Jonah A.
Keep CA prop 13 property tax rate or sell for tax free gain?
Hi folks,Looking for some opinions. We’ve got a property purchased in the SF Bay Area during the Great Recession for ~$275k. Property value has now increased to ~$625k. We moved out around two years ago as our fami...