I'm trying to take advantage of the tax credit to buy my first house, I was hoping to buy a duplex-type property so I can use it to leverage later investments. The area I'm in doesn't have many duplexes, but I managed...
I’m curious how others approach paying taxes after selling a flip project...1. Do you pay your taxes to the IRS immediately after acquiring the check from closing? Or, do you put enough aside and pay at the end of the...
I recently purchased a foreclosure. This house was late 2017 new construction and sold as just the shell. The house is almost finished and I planned to live in it but we all know things come up and life happens. I may...
Hello!Anyone in CA? I am a tax accountant looking to discuss some strategies I am planning to move to commercial. I am thinking of JV thru an LP, where a Corp is a liable partner. I already have investment properties,...
Property taxes is something some may forget about when shopping for homes in other states. Believe me, I get it. Your home here in CO has appreciated tremendously over the last couple of years, and why wouldn't you ...
https://dealcheck.io/s/-MRZTi1...
Here is a property from a wholesaler. 3/1,1150 sqft, 75k ask, arv 120k, rent 1000...it doesn't cashflow due to big tax 3744 $a year.
Here are pics of the property...
https:...
Purchased my first commercial (Industrial) building and planning to segregate the cost to accelerate depreciation. Considering engaging a 3rd party company with their engineer visiting the place. Any disadvantages wit...
Here are the income tax brackets for 2014 and 2015 (from Bankrate). The same six tax rates still apply, but the income that falls into each in 2015 is adjusted for inflation.http://www.biggerpockets.com/blogs/5881/blo...
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Hey guys, I bought a 4 unit in Cincinnati in 2020. This month my mortgage payment jumped overnight from $2100 to $3000. Called the mortgage company and they said my insurance has gone up somewhat, but its mostly my pr...