MaryAnne Burrows
Property Tax Assessment
We are trying to understand how assessments for property taxes may affect our deal when doing the BRRRR method.
We are buying a house for $50K, putting in $20K for rehab. Our ARV will be around $105K. We plan on r...
Micah Epps
How are elements of BRR taxed?
Let's say my wife an I are general managers of an LLC who buys a single family home. The contract price is 100,000. We put 20,000$ of materials and labor into it. We then rent it out for 12 months and cash flow 10,...
Joe Koppel
How do I find accurate property tax
I am trying to find how much property tax I would pay on any given property. I have a spreadsheet with the property tax amount and I have tried 2 online places and I get 3 different numbers.What is the best way to get...
Jayden Hamilton
How much is capital gains tax when you sell your rental property?
Say I bought a home for 115k, and 4 years later, it's worth 160k, and I want to sell. How much would the govt tax me for capital gains? I Live in Illinois; if that helps, not sure if it matters what state you're in...
Bruce Clark
Existing LLC becoming a Member of a new LLC - tax question
My partner and I currently own and operate an LLC that owns and manages several residential rental units.We were recently approached by an individual who wanted to invest in real estate. We formed an agreement that my...
Account Closed
International Property and Capital Gains taxation questions!
Hello, new to BiggerPockets! I have questions regarding my international home sale in South Korea. Hope somebody can help. I am a US citizen, living in South Korea, married, filing jointly. Our salary is $60k. Our ...
Blake C.
Calculating Numbers on a Rental Property
Hi guys, I've been trying to learn how to accurately calculate the numbers on a potential rental property. So far I have a decent idea of each of the expenses but I am stuck on a few. @Brandon Turner had said in one...
Brian Schmelzlen
2018 Tax Law Impact on 1031 Exchanges/Cost Segregation
The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...
Eric Lunsford
Tax implications for a private lender
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Daniel Mendez
Cash Flow: How much should I save?
Good evening BP, What percentage of your cash flow do you save for tax purposes?