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I'm curious to see how many people actually have enough deductions to not pay any income tax on their cashflow at the end of the year? If you own buy and hold properties, do you pay tax at the end of the year, or not?...
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Hey Everyone! Here is the lowdown:Purchased an investment single family home 2bed/1bath in North Park that was well under market value due to repairs needed and being built in 1928. Purchase Price: $585k with a $100k ...
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I'm thinking about selling a property I currently own to my adult stepchild (would trust with my life). I am planning to quitdeed claim the property to the stepchild (gift the stepchild closing costs needed to buy it...
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I need help figuring out how to determine the basis for a rental property. I purchased and lived in the property for a number of years and did a lot of renovations. I also built a garage apartment that I am now rent...
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Hi All! I have a property that is currently worth $530k and is paid off. It's reached it's peak in value and rental value so I want to take advantage of the market and sell it for top dollar and buy something else. Wh...
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I have a few rentals and I owe what I consider a great deal of money on them. I have a good job and don’t need the money honestly and the property’s pay for them selves. I make a few hundred a month off then and I jus...
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Hello! I'm Gustavo from Oviedo, FL, and I'm excited to dive into the world of real estate investing! I'm relatively new to this journey and am eager to get some insights and advice. Here’s my situation:
I purchased a...
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Hi, I want to thank you for taking the time to read this. Call me insane but I wanted to take a stab at doing my own taxes and see if I can make my way through. However my biggest fear is that I leave a significant ch...
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I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
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Hello Everyone!I am starting to save for a down payment on my first home. I want to have 20k by April 2018. I am just out of college, and the last 3 months out of school i have been working full time and have been ext...