Ekta Patel
When is the time to sell
Hello investors, I purchased the property in tax lien sale in March but it requires more rehab than I can handle. Now it’s under contract for sale. I’m getting some profit out of it. Is there different tax bracket if ...
Sheri Lowrance
Long-term capital gains tax calculation
Can anyone confirm definitively what the calculation is for determining the federal capital gains tax on the sale of a long-term asset (rental property) for someone in the 15% capital tax bracket? I tried to get this...
Benjamin Sussman
Should I reduce my 401k contributions to zero?
Just finished reading Set For Life. 401k's let your wealth compound tax free but if you're in a higher tax bracket later in life, you're differing your tax bill to a higher tax bracket.
I also want to accelerate my a...
Khurram Mirza
Analysis considering tax on rental income and HELOC financing
hi guys, for the investors in Canada I noticed that the rental calculators do not consider 1) tax on rental income and 2) financing costs for HELOC (Home Equity Line of Credit) even if they are tax deductible ? Anyone...
Juancarlos Cortina
Tax % on rental income.
Hi, does anyone know the tax porcentage on long term rental income for Miami FL?
John Coffey
Higher interest and lower purchase price
I am making an offer on a deal that the owner has said he is willing to finance. I know the guy and we trust each other. I am considering writing an offer with a 10% rate of interest for 5 years and then reducing th...
Chris Gallick
How much $ can I expect after claiming renovations?
Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...
Adam Gott
Add expected tax savings into ROI?
First time rental purchase, I'm well in to the 25% federal bracket (and 7.2% state) and plan on being so for at least the next six years (retirement). I'm analyzing a lot of deals that barely get me 8% ROI but if I t...
Jeff S.
Placing rental income into a retirement account?
Is there a way to defer some rental income into some kind of retirement account when retired?
Lets say someone was able to live entirely off savings for a year, could they somehow put their rental income into a defer...
Anna R.
Sales Taxes on flipped properties
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...