Ok I keep looking at deals and running numbers and I keep wondering if I am estimating high on property taxes. Many deals I see the assessed values are lower, sometimes much lower than the sale price. So I estimate my...
Hello,I'm trying to estimate taxes for the rental property expense estimation I'm having a hard time figuring how much taxes will hit me per month in future if I were to buy the property.Example: As per County Apprais...
Anyone invest in 4-plex, 6-plex in Chicago south suburb? I came across few listings that look good on paper. For example, one 6-plex list for about 80k, and market rent is around $800/month /unit on rentometer.com. De...
While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
Hello BP community, need your thoughts. Getting a Multi family for 475K and the expenses including PM comes to around $1200 and will have around $3300 left. Reserving 10% for maintenance, I would be able to have $2900...
I have listed my rental home of 6yrs for sale, our situation me and wife are working and the capital gains tax quite doesn't look correct. I was told the capital gain tax doesn't avoid us from actually adding the prof...
Does anyone know what the tax rate is in NC when you buy an reo then sell for profit......Didnt know if it varied state to state or not.......
Hello everyone,
For those of you already in the game and receiving monthly Payment(s) from your property(ies) What is the tax percentage on that cash flow?
Thank you!
I own 6 duplexes - class C properties (12 units in total). I recently received a tax bill for one of the duplexes for $2500 and the other 5 duplexes for $11,000. Each duplex is probably only worth about $70,000. I’m c...
What do you all think about this cap and the statistics below? President Biden’s “Build Back Better” tax proposals could be devastating to anyone owning Real Estate... The three issues I have been following most close...