William Li
CA capital gain?
Hi all, quick question here. I'm selling my Texas rental property and I live in California. I know that I would have to pay a federal capital gains tax if I don't do a 1031 exchange. Does anyone know if I have to pa...
Mary Joe
Charlotte, NC - higher property tax for out of state landlords?
Does anyone know if Charlotte, North Carolina imposes higher property tax if you are owning the property as an out of state landlord?
I was told the typical or average property tax rate in the area is approx ...
Michele Masters
401K Withdrawal or Financing?
Looking to buy my 2nd AirBnB property for <$400K (singe family). I am considering financing the $112K due at closing with a HELOC and a 401k loan and get a $300K investor loan. This comes to a monthly outlay of $...
BENJAMIN KELLY
LLC vs C Corp vs S Corp: Tax Issues
Real Estate is a part time business for me. My plan is to rehab and flip 4-5 homes per year. I have a full time job as an insurance agent where I am a partner in an S Corp. My paycheck puts me in the 30% tax bracke...
Lisa Patton
1031
Do anyone know how long you can own a property without paying too much capital gains?
Mike Masland
Applying Tax loss to W2 income
Hello,Noob question on the potential tax benefits of real estate investing. My wife and I have W2 annual income (dual income family working for large corporations) that puts us in the ~30% marginal tax rate bracket. ...
Felipe Ocampo
Roth Conversion Ladder while minimizing taxes
My wife and I plan to retire in about ten years. We will probably have $500k in taxable accounts and $500k in 401Ks. Initially we will draw about $40k each year from our taxable accounts. Since withdrawals from taxabl...
Scott McMillan
New Trump Administration and Taxes
Hey all, with all the talk about President Elect Trump's plans to overhaul the tax code it got me thinking.Trump wants to lower or consolidate the tax rates into 3 tax rates. Personally I would most likely be moving ...
Suneel P.
What is the Property tax on rented properties in Texas?
I am planning to buy a single-family house in Austin, Texas or surrounding cities and rent it out. I learnt that property taxes for owner-occupied homes are different from that of rented Properties. What would be the ...
Zack Ladwig
Converting Houses to LLC
What is the best way to convert ownership of properties to an LLC... I own all the properties outright, no mortgages.Also, if Trump's bill passes and the corporation tax is set to 15-20%, does that mean it would affec...