Hello. I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members. I refinanced an investment house into a two partner llc which I am one member. We received money and sits i...

Hi everybody,
I am a new investor and just bought my second home on Dec 1 2023. In the closing costs I received one months rent along with tax rebates for the portion that the seller owned the home. I am not collecti...

Do I have to pay taxes on refi money?

We have rented our (formerly primary residence) out for the last 7 years.  We did not intend to sell it, but recently found a nice duplex in the path of progress (lots of potential), and have decided to sell the singl...

I just sell my fha property which i own for 1 yr and six month, just wonder how much tax to pay or do i have too. I want to use the profit as down deposit on two rehab property.

Seeking some clarity....  If I have an AGI over $150K (lets say 39.6% tax bracket) and I own a rental property with figures as follows:- Annual Rental Income: $40K- Annual Operating Expenses/Mortgage Interest/Deprecia...

I am a newbie, I have not done any deals yet, and I know I will be getting a CPA/bookkeeper; my question is: in general terms how much should I expect to pay in taxes? For instance, if I buy a house with an ARV of ...

After my first year of self-employment, I have found out that the interest rate on underpayments is currently only 3%. Does anyone intentionally not pay quarterlies, knowing that they can invest that money and make m...

After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...

Quick thought: could a group of investors team up and combine their yearly net rental income into paying for a new property?Example: a group of 5 investors each net $5k every year in rental income.  After year one, th...