Erik Bood
1031 Boot, Cost Segregation and how to lower taxes
Situation: In 2022 I sold an 8 unit complex and did a 1031 into another 8 unit complex and I wasn't able to fully use my 1031 funds. I knew it wasn't ideal for this to happen but I was only willing to purchase a prope...
Julio Gonzalez
11 ways to lower taxes when selling your property
Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...
Nathaniel Green
Tax assessment double purchase price, how to lower it?
Hello,I just purchased a commercial property that was on the MLS for a year. The city's assessed value of the property is currently $630,000. I paid a fair market price of $329,000. What are the steps I can do to t...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Paul Kit
property tax is ridiculous. How do I lower it?
Hi Folks,If the property tax deemed ridiculously expensive and I want to appeal the county to lower it, Can I delegate this task to a third party?If so, Is there any company out there that doing this?
Brad Chatman
How hard is it to lower your property taxes?
HI All,I'm just starting out with rental properties and I've noticed a lot of properties that have very high property tax in Illinois and as a result the cash on cash return doesn't work out on a lot of these deals. ...
Jermell Shavers
Hiring a real estate lawyer to lower property tax ?
Has anybody ever hired a lawyer to reduce their property tax burden ? St. Louis is jumping and I don’t want to decrease my cash flow for property taxes. Anybody know a lawyer who does this for residential SFH ?
Mian Rizwan
How to lower property tax bill - Grantie city IL
Hi,I looked at a commercial space in Granite City, IL (2,500 sqft approx , price 170,000) to rent moving forward. Was surprised to see properly tax around 14,500 $ i.e 8.5 % of investment. This seemed outrageous even ...
Tim Clarke
How to lower your taxes on a apartment building.
I have been looking for an apartment deal going on 7 months. This is my first commercial deal and have been looking for 6-20 units that fit my other criteria's. I have looked at a lot of properties. I find that most...
Michael Harkins
Land of no taxes and high prices to high taxes and "lower" prices
Stonks Housing prices only go up right? /s Jokes and sarcasm aside,I'm MJ, from the Chicagoland originally (NW burbs). I lived in Seattle for a few years, but never pulled the trigger on any investments. I moved back ...