I’m trying to rent a house which I recently bought, If I rent it. Am I suppose to charge property taxes separately? Or should that be included in rent? Should I charge basic rent plus -property taxes -hoa?-maintenance...
I have 4 mortgages where I am paying approx. $35k per year in interest. This obviously reduces my tax burden. With other deductions, I pay no taxes at all. I have the funds to pay off these mortgages. Would it be wis...
Hello, BP land!I've just purchased my first long term rental and am looking at next steps. I used a HELOC on my primary home to finance the down payment for this first property. I am considering a fix-n-flip next to...
Hello all,My question is not 100% related to buying or selling a piece of real estate but it does relate to financing and getting things in order to purchase my first investment property so I hope it can still get som...
I am going to invest on my first flip with a small group of 3 other investors (family/friends). I am wondering how i deal with tax ? Say i make 50k in profits. Do i pay the tax on the 50k and then distribute everyones...
One of my tenants is handy with repairs and I have used him to fix issues in units and turn around units to rent-ready. I claim a deduction for the material expenses which I buy at the store, but the labor I just ...
I’m going to flip houses to supplement my income from being an agent and looking to use 100% of my flip profits to buy rental property. Are there any tax strategies available to avoid paying taxes on my profits since ...
After doing this for 20 years, I have found that the 1031 rule is a potent tool for real estate investment professionals for several reasons.
First, deferring taxes means you can keep growing and diversifying your po...
First post in the forums so take it easy on me.My question is.... Say a property returns 10% cash on cash, which to some, may be low.Said property's tax rate is 2.5% purchased at $200k or $5,000 for property tax. Say ...
So I've got some information about a townhome property in a HOA complex that is about $4k delinquency for not paying HOA and the other is $7k. The one whose $7k lawyered up and worked out something with the city, wasn...