Nicole S.
why are property taxes so variable in Cleveland?
I've been closely looking at properties in the Cleveland area. One thing that I have noticed is that taxes vary widely from city to city, and even within a single city can vary from house to house. How are property ta...
Augustine Chang
Future Tax Estimates Under 421-a Abatement and Room for Negotiation on Property Issue
I have a property that I am looking to buy, which is currently benefiting from a 421-a tax abatement. The selling agent informed us that the taxes are $97 per month for this year. For the 2024-2025 period, the taxes a...
Amir B.
Out of State California Investors Advice
Hello BP Community,I have decided to look into another market. I was in the Cleveland market for over 1 1/2 but the property taxes made me think of getting out. I am looking for SFH or MFH buy and hold rentals. I was ...
Brian Schmelzlen
New details on the tax bill
For those of you who do not an alert set up for whenever news breaks about the new tax bill, details are coming out about what will be contained in the final version of the bill (coming out of committee).Here are the ...
Mike York
Far South Chicago
I see a lot of wholesalers offering properties without a lot of sells. Is this area hard to find buyers for or do buyers want to be closer to the city? Areas like University Park, Steger and nearby. They seem like ...
Greg Lees
First Buy and Hold Long Term Rental
Investment Info:
Single-family residence buy & hold investment in Ridgeland.
Purchase price: $191,400
Cash invested: $38,500
New construction, 3 bedroom, 2 bath, 2 car attached garage. Central he...
Danay Ramirez
Foreign individual direct ownership
Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax. Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is ta...
Derek Johnson
Capital Gains Tax
I am really looking for an answer from a CPA specializing in real estate, or someone who has been through the situation and had assistance from a CPA.We bought a house for $69,100 and are thinking of listing it for $1...
Zaid Waheed
Capital Gains Tax - Information
Hi,I'm wondering how much does capital gains tax affect the overall profit of a short - term flip. Just looking for some more knowledge on this subject since I've heard it can eat a good amount of the profits.Best,
Thoai Han
Assignment Fee Tax?
If I wholesale a property without an LLC, how would I be taxed on a percentage basis? I can't deduct my marketing expenses. Its almost the end of the year and I am concerned.