Jessica Pratt
Tax free income from rentals
I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The ...
Jacob Hartman
Picking a State - Income tax or property tax?
Hi there!I have the means to invest about $40,000 dollars (down payment, repairs, closings costs etc.) into a 3/2 SFH in a desirable state with a buy-and-hold strategy. In addition to state income tax, property tax, a...
Scott R.
Passive income negative, do I even bother rental income taxes?
Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...
James M.
High rental income.. Pay income tax or buy another property?
Hey all your savy investors out there, I have officially completed my first "BRRRRRRRR" after 2 years. I did all the work myself and what a learning experience it has been. I was able to take the annual gross rents fr...
Eric Andersen
Help with income taxes - first time homebuyer w/ rental income
Hi there,
I was a Texas resident last year and purchased a primary residence (duplex) in California which I didn't move into until this year (2021). Usually my dad does my taxes as they are really straight forward, ...
Louis P.
Effective tax rate on PM Income or RE Agent Income?
It's Tax Time! Curious to see what independent property managers or real estate agents are seeing for effective tax rates.
Given it's a service business with little offsetting expenses/deductions, seems like it can ...
Zachary Critchett
Rental income and 1099 income taxed at the same rate?
Hello,If I make money through rental properties and through 1099 income, should I set aside a fixed amount from each income stream for taxes? If so, what percentage would you recommend?
Mark A.
Capital Gains Tax on this? Income Tax? Florida Deal
Hey Guys
Quick version of this deal.
We bought an REO in Orlando. It closes this coming Thursday.
I'll use these numbers as they are pretty close.
We paid $180K
We have other stuff going on and we found a cash buyer f...
Dan Desler
Cash Flow After Tax - should analysis consider income tax ?
Hi Everybody My question is when analyzing a property should I consider income tax in my analysis or should I assume that the deductions will reduce my taxable income to where its pretty much evens out and not worry a...
Terone Johnson
Capital Gains Tax or Income Tax paid on Transaction
Hey Everyone, need some help here. Does anyone know how I can find out what capital gains tax or income tax my seller would be charged on a specific deal I am in the works with right now? Seller wants to know how much...