Markia Dunn
Do you pay taxes or the homeowner?
Ok so I’m wholesaling. And I was wondering since I will be having a contract with both the homeowner and the cash buyer. Will the cash buyer be in charge of paying the title or “closing cost taxes” since that’s the re...
Zack Royals
Do Sponsors/Developers Pay Capital Gains Tax?
Hello All,I wanted to find out if developers pay a capital gains tax, since I have several clients that may be affected by a potential new policy(depends on who wins election)?Thanks,Zack
Ibrahim Yamini
Don’t Pay off Mortgage for tax breaks?
My Uncle used to flip houses and he was very successful at it so I usually take his advice seriously. However, he said something to me recently, that just didn’t make sense. He told me that I should never pay off my...
Nick Holty
Do i pay tax on the sale?
Hi, I am building a spec home. Its a 2 unit town home and i am going to be living in one half and selling the other half. When the sale takes place it will knock a large percentage off my build cost and i will Cary th...
Cassidy Burns
Solo 401k or paying the additional tax??
Hi BP,Had an interesting convo with someone the other day debating the Solo 401k option for self employed individuals or taking the annual tax hit but keeping your cash more liquid to actually purchase rental real est...
Account Closed
Tax Downsides to Paying Off a Mortgage
Hello everyone! My name is Jesse and I am a new investor. I am about to close on my first property on march 22nd (tuesday!). It is a $250000 2 bedroom condo in the NY metro area. I will be renting this apartment out a...
Joe T.
Double taxed by paying yourself through LLC?
When you pay yourself through your LLC do you end up getting taxed twice?(first time for LLC earning the money, through rent for example, then the second time when you pay yourself a salary)I feel like there should be...
Gaspare U.
How do GP pay structure get taxed
So when a GP in a syndication gets paid how are they taxed if the payment is:
a fee (acquisition, refinance, etc)CF splitAlso, does the GP get to benefit from depreciation in either of those? Thanks in advance!
James Gilpin
Transfer Ownership Without Paying ALL Taxes. HELP!!
Hi All,
I have the opportunity to purchase ten properties for $50k from one owner which will be a huge profit, HOWEVER they all owe $8-10k in taxes. Is there any way to transfer ownership without having to pay all o...
Rob Chang
Tax Implications for Renter Paying Full Year?
Hi, I am new to the Bigger Pockets forum and to REI. I am an "accidental landlord" and am renting out a townhouse that was my personal residence. I decided to become a landlord because my townhouse development is st...