Sam Epperson
Seller financing and who pays RE taxes
When seller financing a deal, and you register with the clerk that some amount of ownership has traded, are RE taxes on the property going up?In my state, property taxes are adjusted at sale to effectively be the pric...
Clint Pearcy
How to pay more in income tax
I had lunch with a customer yesterday, who, with no prompt from myself, began telling me about all of the homes he had owned. The last one, he put up for rent the last year they owned it. His comment was "they really ...
Will H.
CA Supplemental Property Taxes - How to Pay?
Hi there,Just got 2 supplemental property tax bills for a house I purchased earlier this year in CA.Anyone know if lenders typically allow the use of the money from an impound/escrow account to pay for these or on my ...
Joe Smith
Why every house pay different tax amounts?
There are 200 houses in my community, all same year built, same SQ FT are, same number of rooms and bathrooms, exactly same floor plans. All these houses pay different taxes ranges from 4000 to 15000 per year. I pay $...
Donald Hendricks
Can Buyer Pay Sellers Capital Gains Tax?
I purchased my home & land in December 2014. Since that time my neighbor sold his land and the new owner and I have been fueding. The new neighbor wants to buy me out. I have agreed to sell, but not until Decem...
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Mary Jay
How do rich pay zero taxes legally?
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
Timothy Rogers
Do you pay taxes on a shortsale?
Hello,
My wife's co-worker has a home in Savannah, Georgia that is upside down. She owes 45K, but property is worth less. She lives in Dallas and was renting the property out. The tenants moved out and squatters move...
Curtis H.
Ask a lender to pay taxes early?
Hello all, I am refinancing a Sub2 into my own name. I am expected to close before month's end, and they aren't due to pay the taxes until March out of the escrow account. Of course I would have closed by then so a re...
Mike Wiesenhart
How to pay/tax money/credit partner
I have an LLC for flipping houses. I also have a lender/tax partner. My question is, how do I pay him And make sure that I’m not liable for the tax bill on his profits. I’ve been reading about 1099s and K1s, but he’s ...