Timur Salikov
Crazy property tax increase in Cincinnati Ohio
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...
Ekta Patel
When is the time to sell
Hello investors, I purchased the property in tax lien sale in March but it requires more rehab than I can handle. Now it’s under contract for sale. I’m getting some profit out of it. Is there different tax bracket if ...
Joe Matthews
How do taxes work on a multi family home?
Looking into multi family in other states specifically Midwest, New England, Texas and Carolinas. My question is how does tax structure work on multi family homes? Is it taxed as one or taxed per individual unit?
Bruce Clark
Setting up a deal. Want to maximize tax benefits.
My partner and I currently own and operate an LLC that owns and manages several residential rental units.We were recently approached by an individual who wanted to invest in real estate. We formed an agreement that my...
Rid Shah
Should I claim depreciation on rental property that I passively manage
I own a rental condo that I used to previously occupy. My income from rental property is largely offset due to depreciation. However, I can not show loss against my active income as my joint income is well above th...
Seth Williams
What Is A "Reasonable" Annual Cost For Property Taxes?
When you are evaluating a new real estate investment, what do you consider to be a "reasonable" annual cost for property taxes?
I know there are a lot of factors that can go into the determination of a property's ann...
Cory Carrigan
Tax hit when selling your own investment property as a real estate agent
Does anyone know the tax implications when selling your own investment property when you are a real estate agent? I always thought it was just long term capital gains but I was told recently that since my wife and I ...
Ben C.
New Jersey Real Estate Flipping Tax Implications
Hello everyone!I was shocked to learn that the tax implications of flipping property in New Jersey could make it cost prohibitive (eat of most or all of the profit). Are there any New Jersey season investors that coul...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Michael Bettencourt
Do property taxes ever decrease?
Has anyone who’s been at the game longer then me ever seen property taxes decrease in an area? Or once there implemented it’s almost impossible to go back? I have an offer in on 2 Duplex’s in Lake Country IL. With 3.2...