Peter Hamilton
$1 Million To Invest In Multifamily
Hello,
I have a single-family home portfolio with a total equity of ~$1million. I also have ~$500k equity in my primary home.
I realize that having that much equity tied up in a handful of properties is not the best...
Brandon E
Where do YOU do business?
Am I correct in assuming that most investors do not have a storefront/office space where they conduct business?
Is it considered not necessary due to "virtual offices" and home-based business practices? Ar...
David J.
Selling home I just bought 11 months ago, Do I pay Taxes on sale?
I bought a home for $385K close to 1 year ago. I put a down payment of $90K. I also spent $30K fixing it up. The $90K down came from a refinance of a different property. Ignoring 1031 options, .. If I sell the house n...
Vickie Bruce
How to correct name on property so I dont have to pay higher tax
This seems like a tricky situation. Back in the 80's my parents purchased 20 acres in Poolville, Tx. When it was paid for they had the property put in mine and my sisters name. At the time my sister and I were mino...
Jeremy Mulvey
Pay 20k capital gains tax or Re FI in order to own 1year+(1031)
Hello,I have a "flip" house that is nearing completion, Its a 5/2 split level and the market is pretty hot in my area. Purchased for 125k put approximately 60k in and will sell for 250-270k. I have a private money loa...
Jayden Hamilton
How to determine what you will pay in property tax at end of year
How do you figure out how much money you will pay in taxes at the end of the year on CF you made from your property. What is the percentage they use? I live in Illinois.
Donald DiBuono
How much rent should I put away monthly to pay taxes on a duplex?
How much money should I be putting away from the revenue I receive from rental income on a duplex to pay for income tax? Should it be a % of the rental income? Should it be a % of the NOI? If its one of these, how muc...
Account Closed
My LLC finally made some money! Now how do I get $ and pay taxes?
Hello, I finally sold my first deal, but it did not to go as well as planned. My LLC did not make any money for its first whole year and all the finances came from me loaning it. I know for a fact I probably d...
Stanley Gray
In a PIckle. VA resident & didn't know I had to pay MD taxes
I live in Virginia and just recently found out that I should have been paying income taxes on my Maryland rental condo property to Maryland instead of Virginia. I moved to Virginia in 1980 so that would be 36 years.....
Taylor Jones
How to pay $0 in taxes on a STR generating over $120K in revenue
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...