Al Banfe
Property Tax Calculator -Palm Beach County Appraiser site
I am looking to buy a property in the West Palm Beach area, and just read this on the Palm Beach County Property Appraiser website:
"*Buyers take note: Taxes will change and often increase substantially when a proper...
Nathan Robinson
Purchasing Short Term Rental to offset W2 income advice (TX)
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
Corbin Brandt Daviston
Exempt on W2 to save for rental
I recently got the idea to go exempt all year on my W2 job and pay no state or federal tax. Save all that extra money & then use that extra income to buy a duplex. Using the cash flow from the duplex to pay back t...
Alfred Litton
Paying Taxes with LLC if You Don't Want to Take Profits Out
So my wife and I created an LLC with an EIN and are about to fund a company bank account with our savings. It's a multi-member LLC, and I know we have to pay taxes on the profits (minus allowable deductions for the bu...
Kirsten Braddock
Best business entity for wholesaling?
I'm looking to set up a business entity for wholesaling. Should I use an LLC or a c-corp or s-corp. Any recommendations? I've also been looking at using services from either Anderson Advisors or ProVision. Has anyone ...
Mike Auerbach
Here is when I wouldn't do a 1031 Exchange
I spoke with someone that couldn't find a replacement property that "fit" into their investment criteria. So I said its probably best to just pay the tax.If an investor overpay a ton, just to save on taxes, most likel...
Calvin Schmeling
How to have my wholesale llc taxed
I currently have two LLCs. I have my Wyoming holding company and that owns my wholesale LLC that's owned by me and my partner. How do I have them filed as? I am new to the LLC world and I hear a bunch of different thi...
Greg Heden
Buying Decision - 4 plex
When analyzing a deal, should one factor in future appreciation, annual mortgage reduction, and tax savings from depreciation (offsetting other passive investment income) when calculating ROI? I am looking at a prop...
Carlos Gonzalez
Do I do my taxes myself or should I hire an accountant?
Hello everyone,Now that is tax season, I have a question related to this topic.I bought a fourplex via FHA loan and I currently live in one unit, I have been fixing and updating all units so I could rent them out whic...
Sakib J.
Need to challenge Property Tax rate Houston TX
Whats with crazy rise in ppty tax in Houston, TX? How have you guts dealt with it? I hear there are companies who can challenge the ppty tax hike. Pls share your thoughts