Account Closed
Do i have to pay income taxes as a wholesaler?
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
Vickie Tan
Tax to pay for flip properties by seller finance structure
I am a real estate agent, I flip some properties in 2010. One of the property I bought , after the fixup I sold it as seller finance deal in 90 days. I need advice on if I may claim as a real estate professional or a...
Jorge Ubalde
Do I pay Taxes Or Not.....(1031 exchange related question)
Good Morning Fellow BP Superstars, I have a question for you smarter dude/dudettes! I am selling/closing today on a property I bought back in March of 2010. The property was my primary residence for about 18 months, ...
Neal Salmen
1031 ? One Partner Wants To Cash Out and Pay Tax
I am a 1/3 member of an llc, with 2 other 1/3 members, that own 3 properties inside the LLC. I would like to get my investment back and pay taxes (i have losses I can apply). The other 2 members would like to keep t...
Ariel Johnson
Do my parents have to pay taxes on this house?
Hello, my parents are selling our old house. We lived there for from 2007-2014 and they are selling it in January. We did not live there in the past 2 years and we also have not lived in that state as we moved from GA...
Eddie Knoell
Do Investors pay 2 times the property taxes in Indianapolis?
Hello Bigger Pockets, I am interested in purchasing a single family residence investment property in Indianapolis and I was told by the real estate agent that if I purchase it as an investment property that the proper...
Marlon Persaud
Do I have to pay taxes on rent from roommates?
Hello BP,Looking to buy my first investment property and was wondering if I were to purchase a home, live in it and rent out rooms to my friends, do i have to pay taxes at the end of the year on the income i receive f...
Joseph Quarto
Third Party to Hold rents & pay taxes, Insurance, etc.
Hi all,I may be selling a property on Owner contract. There are No other liens on the property, it will just be the note to me. Aren't there companies that I can designate to hold the rental monies to assure the tax...
Darrell Lee
Tax Treatment Buying Properties Where Buyer Pays All Closing Costs
I recently closed two deals where I paid the sellers a net amount and I paid all the back taxes and closing costs.My question is, can the property taxes as well as the closing costs be expense'd at year of closing to ...
Robert Goldman
Why don’t investers, who rent homes, pay their property taxes?
I am noticing quite a few homes that are 2-3 years past due on their property taxes and none of them are mortgaged. They are up for a tax deed auction because they have 2-4 years of tax liens and some are rented out t...