Katherine Robbins
Flipping LLC being taxed as SCorp
Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...
Account Closed
Real Estate Ratios & Statistics
Hi everyone,Quick question, when you calculate ratios such as cash on cash return, or even when calculating the cash flow potential of a property, do you calculate them post tax? Because I've seen quite a few calculat...
Account Closed
Selling investment property
Hello, Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate? Also what if you didn’t even make any profit fro...
Arad Goller
Porperty taxes in the usa
How can I calculate property taxes? there is a formula that I can use?
Daniel Walton
Flip and Flip Calculator
So after using the Fix and Flip calculator for the first time I realized the calculator asked the purchase price, associated costs and desired profit; however at no point did it ask for my expected tax rate. Anyone fa...
Terry Wheeland
Depreciation Recapture in 2021 or 2022?
Hey, BP! I looked through the threads, but I need some expert advice. We are selling one of our rental properties, and we'll have some recapture. If I know that my overall income will be quite a bit more in 2022 be...
Michael VanderVelde
Chicago South Suburbs (Lansing, South Holland, Dolton)
I live in Chicago, and I've zeroed in certain areas of the south suburbs that seem intriguing for investment. In particular, Lansing, South Holland and Dolton have some attractive opportunities. I am aware of the ex...
Account Closed
Depreciation as expense when renting out
Hello,I am moving to new house and would like to rent out my current property. There are a lot of articles that "depreciation" helps to even profit from rental with expenses.Let's assume the property without land cost...
Josh Deeden
What entity for private lending?
Hi everyone. I am wondering if one were to decide to start private money lending, what entity would be the most tax-advantaged? Or put it more simply, if there are any private lenders out there, what entity do you u...
William Coet
Market Frozen Because of Property Tax
Looking at a market that could be considered dysfunctional because of the property tax rate being so high. Realtors are saying that it is essentially frozen because nobody wants to pay more than the assessed value bec...