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...
Here is a case study on investing out of state for us California investors and being a landlord of section 8 housing in lower end markets.
Anyone attending the tax sales in August?
Million dollar tax bill owed in ...
I bought my first real estate property January 2019. The county sent me a bill for the 2018 real estate taxes. Am I liable for the taxes in 2018 even though I wasn’t the owner?