Matt N.
Taxes on Rental Properties & Cash Out Refi to Pay
Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...
Account Closed
Washington state capital gains tax
Very interesting read.... Live to know the thoughts if people in this forum, especially people from seattle, washington or anywhere in washington state actually.
I just copied and pasted the article....
Gov. Insl...
Bob Santilli
Business Profits Tax New Hampshire
Hello All,I'm somewhat new to real estate investing and have 1 cash flowing property right now. In speaking with some other investors in my state (New Hampshire) I can across a state tax situation that I was not awar...
James Palassis
Can 1031 be used to paid down loan on your identified property?
I am under contract to purchase a property (closing set 8/4/21). Through a stroke of luck, I have a cash offer on one of my rentals (it's vacant due to a tenant turnover). I'd love to be able 1031 my sale and use the ...
Roy N.
The concept of "deemed interest" - does it exist in the U.S.A?
Good morning BP!
I was over in the blogs this morning reading Brandon Turner's latest essay, "The Definitive Guide to Using Seller Financing to Buy Real Estate" and, in the comments following the articl...
Eric H.
Estimating tax liability
What's the best way to estimate the tax liability when evaluating a property?
Is this accurate:
(NOI - Mortgage Interest - Depreciation) * Tax rate
Which equals your taxable rental income.
Subtract that from your ...
Brian Bradley
CA Residents Protect your Assets through State Exemption
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
Jimmy S.
I have to pay 2% transfer tax?
I bought a bank owned home and I was under the impression I only had to pay 1% transfer tax. On my end of contract just a normal contract says buyer and seller will split the transfer tax. The bank is the seller. Now...
Daniel Hsieh
HELOC on 100% owned investment property - cash buyer strategy
Asking for help from experienced investors.We are buying and rehabbing an investment property for Airbnb. It will be an all cash deal so I can minimize the financing fees (buying and refi) paid to hard money lender. I...
N/A N/A
LLC and capital gains
If we sell some land we owned for over a year for $296,000 and bought it for $196,000, we need to buy property(ies) that exceed $296,000, right? But also, we do not want to reinvest all the profit. With the boot, will...