Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...
Question for you smart bears out there -- How do folks a) reduce their tax exposurewhile simultaneouslyb) continue to qualify for financing for bigger and better deals (as they continue to do deals)? For example, my d...
I filed an appeal for property tax in 2018. AssessmentAppeals Board has 2 years deadline for the hearing. They called me today if I am willing to sign waiver for the postponning the hearing due to Covid-19. That proba...
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 ...
Hi BP Members :Hope you all are doing well. I recently bought a 9 unit bldg. and the previous owner had used an attorney to lower their assessed tax value. It was a 3 year commitment where they would pay the firm a po...
Does anyone have any experience negotiating with the county treasurers office on a lower price for a property? I know some counties have properties that have been on their books for years because the taxes owed are mo...
I'm setting up a new brokerage referral business with a partner. Nothing has been setup yet- It will be pretty much passive income (we are RE Brokers and will be getting referral fees from internet generated leads. ...