Carl Cheung
Promissory note lender, tax implications
Hi all, I am thinking of lending money to a friend as a promissory note. From what I understand, the interest on the note is subject to my personal marginal income tax rate. Is that correct?Any ideas on how to reduce ...
Simon Astrop
Canadian investor
Hello,
As a Canadian real estate investor in the Toronto area, I have taken interest in the Florida market. Is it true I have to pay a higher property tax as a non-resident home owner?
Thank you.
Guillaume Rouleau
Short Term Capital Gain Tax in CA
Hi !! I have a question about tax rate on capital gain, I got multiple rates, and not sure which to rely onI made X amount on a short term sale in Los Angeles, Bought the property in January 2016 and got offered a hig...
Guillaume Rouleau
Short Term Capital Gain Tax in CA
Hi !! I have a question about tax rate on capital gain, I got multiple rates, and not sure which to rely onI made X amount on a short term sale in Los Angeles, Bought the property in January 2016 and got offered a hig...
Cedrick Givens
Tax question for next year
If the rehab on an investment property took several years, what is considered the capital gains when I sell (in GA)? Ex : Bought for 5k, invested 90k(2019-22)... sold 100k(2022-23)
Richard Parker
LLC's - sorry if this has been asked someplace else
I have owned an investment condo for 10 years and the mortgage is paid up. I want to sell, but the depreciation deducted from my basis makes for a big tax bill. Can anyone confirm or comment on whether putting the p...
Brendon W.
Pittsburgh Area Multifamily Zoning
I've been trying to find an area to purchase a home as a primary residence with the goal of increasing my savings rate. My target area is the South Hills / Northern Washington County area. As a wanna-be investor with ...
Benjamin Cowles
I read an investor can lose 50% when selling a property they own
Brandon mentioned in his blog here:http://www.biggerpockets.com/renewsblog/2013/11/05...that if you own a property free and clear you could lose 50%+/- to taxes. He didn't say much more than that but that took me as s...
Jeremy Kuchenbecker
Property Taxes Doubled After Purchase
I purchased a duplex about a year ago. I just got a letter from my lender stating my property taxes were going up, almost double to what they were previously. Is that normal? Is that even legal? Still a great income p...
Nadine Massarelli
Capitol Gaines tax: Does it eat away your net profit margin?
Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...