Consider this scenario:A seller is tired of paying property taxes on his vacant land.  He doesn't care to keep this lot anymore.  He gives it to you for virtually free of charge.  Say he sells it for $1.  It's now und...

Should I pay off my mortgage? Or should I keep paying the mortgage and benefit from the mortgage interest tax deduction? How should someone analyze this decision? What factors are important?

Self-employment taxes are imposed on self-employment income in lieu of Social Security and Medicare taxes that an employee would typically have withheld from their paycheck. It is calculated on the net income that an ...

For multifamily and comercial rentals,1. Is it better to pay income tax or not? If so, why?2. Is there any way to avoid paying rental income tax legally? If so, how?

Here's my scenario, I just started flipping this year, I'm flipping under an LLC, I'm on my second flip - first one went well second one is going  OK.  I will own the second property for about 4 months (hopefully, its...

Hi All,My name is Lisa and I am just starting to invest in the US market for profit.I live in Canada for 6 months and florida for 6 months and have been doing this for the last 4 years.  I have 1 property in florida f...

I'm curious to see how many people actually have enough deductions to not pay any income tax on their cashflow at the end of the year? If you own buy and hold properties, do you pay tax at the end of the year, or not?...

I just read a post where someone said you may have to pay SET on income from flips. Is that true?

Hello, i am starting out in wholesaling and hoping to start my first deal soon and was wondering, do i need to pay income taxes on what i make?! Thanks

I have a buyer that has an escrow account set up with Evergreen note servicing. It has been a real pain getting the account set up. Now the buyers are trying to just send in their P&I payment. I Have an underlinin...