Hi all,I just joined and hope I am posting in the correct forum.I plan on buying a one acre lot near where I live to build a house on and then to sell it when it`s completed. My question is will I be taxed heavily on ...

Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...

I am building 4 single family homes and expect a very nice payout. Interested in how investors/cpas would structure this to maximize after tax return.I bought the property for 800k. The seller didn't know what they ha...

Hi,

We sold the commercial building and paid off the bank loan, plus personal money to close the deal.

1). Is this company expense?

2). How do we show bank loan pay off and our personal money?
...

We are approaching the Thanksgiving season and I thought I start off  a little early with a progress of ownership and a big thanks to the whole biggerpockets.com family. @Joel Owens in particular. I made my first real...

I have recently bought 1 property, and am in the process of buying the second one.  The first home collected rent December 1, and I earned 500 over what I owe.  My second property should make 700 each month.  My plan ...

So I have a SF house that we will have owned (and lived in) for two years here fairly shortly.IF after 2 years of living in it, we tear the house down, scrape it, rebuild on the same lot and sell it for say a 400K gai...

Hello, a partner and I are looking to rehab an old mill and turn the building into an apartment building.  How  can we determine property tax for our balance sheet once rehab is done and renting 25 units?  Will the pr...

why does building a bigger house (than the typical size of the neighborhood homes) create a larger tax burden for the neighbors?

I want to build a home and sell it.... My question is is there a way I can move the taxes into another loan or something so I don’t have to pay the Fed upfront? AND If I’m building one or two homes a year should I get...