Mallikarjun Reddy Pateel
Chicago Property Taxes Guide
whether you're a new Investor or a veteran in Chicago Real estate, this is pretty much everything you need to know about Chicago Multifamily property taxes. Cook County has an effective rate of 2.10%, almost double th...
Tim Porsche
Refinancing a Primary Residence Post-Flip
Hey All, got a quick question for you about a hypothetical situation. If you buy a house with a conventional mortgage, as your primary residence, and do a live in flip, then you go to refinance it after a year based o...
Susan Chiasson
Property taxes in Truro, NS
In Nova Scotia ( Truro NS specifically) would Multiplex rental units be taxed at the residential tax rate or the commercial tax rate? In the case of the property I am looking at, the ad says that the property is zoned...
Fern Jard
Tax issues in Hard Money Lending
Hi Guys,
Brand new here, with a question:
Can hard money lending be considered a small business, where expenses can be deducted -- just like any other business? I thought this was a given until I started reading ab...
N/A N/A
Tax Assessed Value
Hi Guys,
I know people dont really pay attention to tax assessed value, it is the comps of the area that is important. But since the market is soft now - you can't really depend on the comps from 6 months ago. Peopl...
Colleen F.
Managing taxes when you pay your child
Ok so I hired my son to work on my rental , he is 17. Some of what he does is not 1099 work but employee work so we should be withholding taxes and sending to the IRS. can anyone recommend an inexpensive service...
David Haynes
Transfer Taxes: Cutting Out the Noise
I wanted to share what I have learned about transfer taxes, how they affect the value of homes, and ultimately your profitability. It can be tricky, so I wanted to share my research and some conclusions.
First of al...
Jerry Gandolph
Best way to handle taxes on Flip house
Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
Jordan L.
Rental Property Taxes Unusually High
Hi all, I purchased my first rental property in Kershaw County, South Carolina in Feb 2014. The state's property tax rate is 4% for owner-occupied homes, and 6% for NOO. My property would appraise around $175k. ...
Jonathan Chavez
Tax advice | To 1031 exchange to not...
Hello, fellow bigger pocketers. I'm trying to weigh out my options on whether or not to do a 1031 exchange on the planned sale of a duplex I am about to list. I estimate that we will be on the hook for approx $100K in...