Dustin Awtrey
How am I taxed? Can I pay myself a salary?
So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as a...
Matt N.
Taxes on Rental Properties & Cash Out Refi to Pay
Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...
Gina Lisco
Who pays taxes on a mobile home paid before purchase?
We purchased a mobile home with land in Oswego N.Y. on October 6th 2020. The seller paid his taxes on October 4th 2020, before we bought the place. We’ve been trying to transfer the deed since we moved in. The seller ...
Silvana Elejalde
Bank Foreclosure sale with surplus to pay for property taxes
Hello, if anyone has had any experience in Broward County, Florida, winning a bank foreclosure paying over the final judgment amount, and getting the Clerk of Courts to disburse funds from Court Registry to cover deli...
Jean-Thierry Aleman
Tax Question: Better to pay tenant or give rent credit?
My tenant made a minor repair I approved of which was needed. Is it better from a tax perspective to pay him or give rent credit for work done? He has done the job already and did it well. I'm trying to decide if I ...
Eric Parker
Will I pay Transfer Tax in Texas as a wholesaler?
As a wholesaler, do I have to pay transfer tax in Texas? Or does the seller generally pay it? According to www.ncsl.org Texas pays zero transfer tax. Is that right?I have not done my first deal yet and wondering if I ...
Sandee Sampson
Is it legal for a residence to pay commercial taxes?
Hi BP Fam,I'm not sure if this is the right forum but here goes my question...I just hung up with a seller who has a property that is zoned commercial and on which he pays commercial taxes in Harris County (Texas). He...
Nicole D.
If you pay taxes on home can you obtain title?
I came across a home and the owner has been deceased for over 10'years. The property has been vacant since her death. I spoke with the neighbor, he notes that her son has no rights to the property. I'm not sure if she...
Jimmy C.
Why do we pay higher than taxes than most countries?
I was listening to talk radio today and they discussed corporate tax rates. I was surprised to learn that our country pays some of the highest in Corporate taxes in the World. Of course they were talking about how e...
NIcholas Hamel
How much in taxes will I pay if I sell????
Hey everyone. I have a tax question for you. I bought a property in 2013 for 375k. I might have to sell now instead of my original plan to do a 1031 exchange. It was appraised for 405k. I owe about 305k still. Ass...