Having a Florida Homestead Exemption limits your property value for tax purposes to +3% of previous year value. What if the property value decreases? For example... You buy a primary residence for $300k. The housing m...
Hi! Can anyone advise in the PA, NJ or FL RE markets re: getting a loan for either 1-4 units or more without having a large, taxable income shown on tax returns? My taxable income has significantly dipped due to chi...
Hello everyone, I am a rookie and need some light.My spouse and I are recently closed on a LTR under LLC. Both of us are w2's with AGI >150k. We have read that even if you're an active investor, if AGi >150, th...
Hey everyone, I wanted to ask if anyone has thoughts about investing in the Cleveland area. My longtime boyfriend and I are looking to buy singlefamilies with good potential for sweat equity in the area, although we'r...
I'm looking at a commercial building that houses a restaurant and 2 apartments upstairs.Owner is asking 69,000 but assessed tax value is only 11,000. This isn't making much sense to me. Shouldn't the tax value be at l...
I'm in Arizona.
Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subj...
I'm under contract to purchase a SFH 3/2 in Milwaukee in the 53215 zipcode. It's a nice property in a decent area with shopping, and transportation nearby. I've had 6 interested parties reaching out to rent after a re...
Hi everyone. I'm looking at some properties in New Jersey, and some have 5 acres. More land = higher taxes right? But what if I did what I could to legitimize it as a farm property, even though it's not. Would there ...
Hello everyone. We live in northern IL and are looking to invest in southern WI. The property taxes there are half of what they are where we are in northern IL. I'v heard that WI has some little charges, fees, litt...