I am wondering if the interest from a seller financed property is taxed as your income rate or as some sort of capital gains since it is result of the property sale?
Basic tax question if anyone can help for a 2 family in NJ, Jersey City.Tax is around 20%, and rental income is considered capital gains?Lets take example 50k rental income for 12 months,property 7k taxes per year,let...
Is it more credible to use my LLC on offers than my personal name?
I know ultimately I need to ask my accountant but he’s busy and expensive to ask preliminary questions. I won some land at a county tax auction. My agent has done some research and determined that I’m able to sell it ...
Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
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I'm just curious to hear from new and seasoned investors on what's working for you guys in regards to finding off-market leads? Anything you find more effective than others?
I have some expenses which could go either way on de minimis safe harbor or to capitalize and depreciate to deduct. Assume i bought a rental house for $100,000 on Jan 1. Land is worth $10,000 so depreciation is $3,272...
Just a quick question. What’s the time frame to not pay High Cap Gains Tax when selling. I’m working on a potential flip property. 2/2.5/2 Townhouse. ARV Of $110-115 I should get it for $55K. And put about $7500 to Re...
I just read in a book that you can depreciate your investment property. Does anyone know the formula for doing this?
Hello All,I wanted to find out if developers pay a capital gains tax, since I have several clients that may be affected by a potential new policy(depends on who wins election)?Thanks,Zack