Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
I was talking to a friend of mine and he mentioned that he is refinancing his deals just before he sells them to elevate his cost basis. For example actual money spent/cost basis $100,000 apprais...
I’m an out of state investor (NJ) interested in the Midland and Saginaw markets. I’d love to get some recommendations on local realtors and PM’s that service the areas. I’m looking to buy n hold and probably start w...
This might be a silly / stupid question but I'm going to ask it anyway, because frankly, I just don't know the answer.In the area that I'm looking for a rental property, using Zillow as the source, the property tax i...
Hello phoenix area,I am looking for a CPA to help with my taxes for my house hack that I bought April of 2023. Does anyone have any recommendations? Thanks!
Hi everyone,I'm looking to start purchasing some rental properties in the coming up months. The price hike between homestead and non-homestead taxes can be quite huge in some areas of Michigan. I'm running the numbers...
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
Hello team,I bought a foreclosure a few weeks back which I will be fixing and selling this year. Should I still protest property taxes and use the lower taxes it as an added "benefit" to the new buyer?
Hello,New to the forum, feeling very much like a newb in this whole real estate tax world. Hoping someone can help clarify some information I've gleaned from my accountant. Thanks in advance for any and all help to pi...