Hey BiggerPockets Fam! I have a question about taxes! I know its a fun topic. So i live in upstate New York, however I’m close to both New Jersey and Pennsylvania. Being that my LLC is in New York, if I flip a propert...

Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...

Hello,I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits fro...

Our tax lawyers are always fretting about the passive income we are targeting to be taking in. I have made this my full time job. Do other Canadian investors all maintain active income to reduce the burn?!

hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we can sell it for $700K and get an equity o...

So many thoughts on the subject. If you have no loan your cash flow is substantially more so that means more taxes. If you have a loan your paying a small fortune in interest.

I can't believe nobody has started talking about this yet.

Who's winning in their brackets? I'm certainly not

go UNC!!

I’m really trying to get into the game but I was wondering if I have to pay mortgage, taxes & insurance each month isn’t that getting into my cash flow? How would I really be profiting?

I hear about all these ways to avoid taxes in America with tactics such as 1031 exchange but how do we do that in Canada.