Are homes still selling at good paces? I've heard from some top realtors that homes are going to probably drop some more for the next year or so due to the end of the tax credit. They also said it's not a good time...
Hey guys,I am in Texas, I bought my first property lived in it for 3 years then rented it for 2 years and now I sold it.After selling this property, I bought 2 more rental properties from the proceeding.Now my tax guy...
Hi!Can someone help me in understanding the tax impact of property sold abroad? I moved to the US couple of years ago and still have a property in my home country. Now learning so much about real estate I m considerin...
When buying a house for a price that is higher than the current assessed tax value would the city always raise the taxes up to match the new purchase price? I was wondering if this varies based on where you are buying...
Hello all! Newbie real estate investor here. I am planning on making an offer on a small apartment building in Milwaukee and I am curious about others' experience with updated property tax assessment after the sale. ...
I purchased a duplex about a year ago. I just got a letter from my lender stating my property taxes were going up, almost double to what they were previously. Is that normal? Is that even legal? Still a great income p...
Question - I've owned a home for 3 years. Then I refinance the house. Then 6 months later I sell the house for a decent profit. Since I've owned the home for 3 years 6 months, will I get taxed on capital gains, OR ...
I'm considering tax appealing 3 of my properties; 2 seem very high given my low [foreclosure] purchase price, but 1 can go either way since the neighborhood is gentrifying for that one.Would I be shooting myself in th...
Hey BP,
If a seller isn't getting enough on the sell to clear all taxes owed on property how is the rest of the taxes handled?
Does the seller have to bring the difference to closing?
Hello BP Community, I unfortunately have some flood damage on one of my rental houses due to Hurricane Harvey and is not covered by flood insurance (Yes, I understand this was not a great business move on my part, bu...