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Dear BPs. My husband is about to sell the home we live in with a potential capital gain. I understand that for a married couple $500K of capital gain is tax free. Question:1. Is this a once in a lifetime "thing" or co...
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Hello,I was looking at numbers for a house in Atlanta and I looked up the tax bill and I don’t understand it! Can anyone with an Atlanta (Fulton County) real estate tax bill help me figure it out? It shows on Zillow t...
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Hi there, I have been under contract to purchase my first investment property for a few weeks now. Today, I just received my property tax estimate from my lender and it went from $1000 to $3400/year. I'd like opinions...
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I bought and rehabbed a house, planning to hold as a rental. I have since decided to sell. I have an option to sell on a land contract and I am trying to figure out the tax implications. From what I understand, I will...
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My family owns a single family home and has recently considered renting it on AirBnb. This is a unique property as it is on a lake and has a private dock. It is also a double-wide mobile home so I feel like a cost seg...
Fellow wholesaler just wondering if the election will have an impact on fix and flips or the real estate game in general ?
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BP ComradesJust bought a duplex at auction for 100,000. Both tenants have been living there 2 years. We got them to sign new leases. Gross rent 1850/mTaxes 400/mInsurance 125/mUtilities 100/mMortgage 550/mMisc. ...
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Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...
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Good evening fellow investors and community members,I am wondering what are some of the obvious and not so obvious reasons that properties sit on the market for extended periods of time.For example, sometimes when loo...
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Hi Everyone, I'm a newbie about to start my real estate investment journey in the US. I'm an "accidental" landlord for a property in the UK but been spending some time to understand the best states/towns/cities to inv...