In the past few weeks, I have repeatedly stated that I would like to dissect my latest deal and all the odd particulars about it here on Bigger Pockets, both to show others how the sausage actually gets made but also ...
Looking for recommendation for CPA / Tax strategist for this and next year. Anyone has recommendation? I am in PA (West Chester area)Here are my situations:
1. I worked in PA but lived 2 states (PA, GA) in 2020
2.I ...
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
Do you calculate your NOI over you Gross scheduled income or just your Gross income?
Is there a way to avoid capital gains tax when trying to take money out of stocks and reinvesting into real estate?
Hey, Everyone!Im relocating out of state and Im trying to get a financially realistic idea if I should rent my house out or sell it. I dont know how the homeowner to landlord "business" aspects play out and im really ...
I am looking on the tax assessor site and I am confused as to what this information means such as APPRAISED VALUES:Land, Improvements, TotalASSESSED VALUELand, Improvements, TotalI hope you can see the picture below. ...
I have a rental (market value close to 400K) with 100k mortgage left. I don't want to sell it right now, but want to get some cash out of it. Can I do cash out refinance on this? Is there any tax problem now or when I...
I now have 3 rental properties and 1 primary residence. 2 of the rental properties are doing great but the other 1 is turning into quite the money pit. We hope to spend a lot to fix it this year and maybe next year ...
Hi BP! So I am wondering if there is a limit to how much your real estate tax can go up in a year? I am going to guess there is no limit, but was just hoping. I purchases a property and got the taxes lowered by get...