Nicole Assali
Property tax credit after purchasing
Hi everyone,
Investor here from Canada, i just had a quick question regarding a situation i have; we purchased a house last June-July and moved in at that time. Everything went well, at that time the seller had paid...
Andre Pinheiro
Co-signer - Taxes after sale?
Hi Everyone!I will be cosigning a refi for my parents in California, my question is the following.Once they sell their property am I still responsible to report on my taxes and possibly pay taxes on it? I'm not gonna ...
Mikhail Petrenko
Property tax reduction after foreclosure
Hi everyone!I bought a foreclosure property once. The assessed value was 200 000 and I bought it for 600k. A county assessor increased the value to 600k.Here is my question.Let`s say I am buying a property with an ass...
Mike Dymski
kid crying after paying taxes
https://www.google.com/search?q=kid+crying+over+taxes&rlz=1C1GCEA_enUS878US878&oq=kid+crying+over+taxes&aqs=chrome..69i57j0l7.5338j0j7&sourceid=chrome&ie=UTF-8Son: "It's not fun..."Mom: "It's not f...
Supreet Singh Sachdeva
Cap Rate after income tax
I am a first time house buyer. 3 of us just made a LLC and are planning to buy our first rental property. I contacted an agent about a property and got a cashflow analysis worksheet from him. So, the property is f...
Jonathan Sammarco
Taxes 18 months after purchase
I'm sure this has been discussed, but I lived-in a house (primary residence) and flipped it, Its been about 15 months and anticipate putting on the market in the next 60 days. Which would put me under the 2 year perio...
Tyler Silverman
Experiences of Taxes after BRRRing
Hey y'all,Who has done the thought experiment or has first-hand experience with property taxes before and after a BRRR project? I'm using the online calculators on BP for a market that has high property taxes and defi...
Brandon English
Remaining taxes owed after sale
Hey BP,
If a seller isn't getting enough on the sell to clear all taxes owed on property how is the rest of the taxes handled?
Does the seller have to bring the difference to closing?
Lucas Duce
Property Taxes Increase after Purchase?
Hello BP community,I have been receiving conflicting information on how to estimate the property taxes during my number analysis. My concern is if a property has significant appreciation since the last time is was as...
Donald D Michna
Capital gains taxes after retirement
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...