Steve S.
Property taxes in texas
I'm curious if there's any tools or obvious formulas that could help me understand turner impact of property taxes in a rental property I may buy. As an easy example, let's assume property tax rates are (2% - that wou...
Costin I.
How is rental income taxed?
In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...
Jonathan Alexander
Tax advantages for owner financing
Are there any tax advantages for the seller if they owner finance to the buyer? I'd like to recommend to an owner that they think about owner financing aproperty so that they can gain some additional monthly income of...
Guevara M.
Should I be taking a depreciation on my rental?
I bought a rental (Town Home) back in 2004 & have been taking a depreciation so that I could get a bigger tax return. The CPA that did my taxes this year advised me that I shouldn't be taking a depreciation if I ...
Robert P.
How will buying a 200k house and renting out impact Taxes?
First time buying a home. Home is in Massachusetts. Will be renting it out. Any clues on how my year end taxes (not property taxes) will be impacted by purchasing a home, and now having more income coming in. (besides...
William Hutchinson
Is one rental worth it?
It seems that rentals are only worth it when you can do the domino effect to get a bunch of houses and be on the line for a bunch of debt. I have a full time job, and can get a house for 50k and get about 9000 in rent...
Robert Perkins
Rental Capitol Gains Taxes
Good Morning Bigger Pockets Faithfuls!I found a great multiy family rental, it has 7 total units and I think I can get it at the right price. My remaining issue is the tax implications of owning the property, I have t...
Andrew S.
House hackinging taxes and standard deduction
Good evening BP community,I'm preparing all my tax documents prior to meeting with my CPA and I'd like to show up to the meeting prepared. Appreciate your time reading through my questions. Last year I purchased a du...
John Dean
Seller Financing / loan servicing
Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...
David F.
State Tax
Hypothetical scenario: I live in CA and purchased a rental in NC that my brother manages. If I have a $10,000 taxable profit (after depreciation etc) from that property. I am in the 9.3% CA income tax bracket, and ...