Adam M.
Capital Gains Limit for a Flip?
Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flippin...
Nader Hachem
Are interest rates changing your deal criteria? High prop taxes?
With interest rates rising, looking to purchase a rental property now is more expensive. This results in lower cash flow, and potentially makes what would be a deal 1-2 years ago, into a negative cash flow property no...
Zachary Critchett
Rental income and 1099 income taxed at the same rate?
Hello,If I make money through rental properties and through 1099 income, should I set aside a fixed amount from each income stream for taxes? If so, what percentage would you recommend?
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
Bill Mitchell
Wholesaling Income & Taxes
This was my first year wholesaling part time here in DFW. I made a decent chunk of change doing it, about 40k. My question is when it comes to taxes, should I utilize a real estate tax professional at the end of t...
Olivier Mader
Some before and after photos of my current project..
Here are some before and after pictures of my current project.. Interior is basically done and I still need to paint and do some minor exterior work. Will also replace the windows and do some landscaping.. Got a steal...
Sean H.
S-corp - dividend taxes ?
What taxes are dividends subject to (not talking about wages i pay myself)?I believe FICA is exempt? Is it just the dividend tax rate of 0/15/20%, or there any additional taxes this money is taxed? For state, is it ju...
Royston McKaig
Reserves and Taxes, how does it work?
What's up everyone. I have been lurking around for while and I have a question I can't find the answer to.Lets say I am renting out a home for $1,000 a month and I am setting aside 25% (lumped CapEx, Maintenance, Vac...
Pandu Chimata
Depreciation and large taxable income
Hello everyone !I heard that we can/should claim depreciation (if available) on the rental/business properties every year. Obviously, this will help paying less or no taxes at that time.However, when you sell the hous...
Mary Jay
How to calculate real estate taxes on Texas properties ?
Hey guys, how do I calculate real estate taxes on properties in Texas? For instance, if it’s an investment property, are the yearly real estate taxes 2% of the purchase price? Thank you.