I have roughly a $100k/year taxable income between w-2 and some self employed activities. I want to buy rental property, but my accountant says that I can only take up to $25,000 in losses, but thats only if your inc...
Hi all,
I had a quick question that is probably simple.
I bought my personal residence in march of 2017 and I purchased it from another investor. He was not currently living in the home so he was paying higher taxes....
Quick survey here. I heard a quote from Rich Dad's tax advisor Tom Wheelwright saying something like "if you're investing in real estate and you're paying taxes, you're doing it wrong."
So, do you pay taxes? How man...
I would like to start paying off some backed up property taxes , ( i.e., school, county,local,etc. ) that have collected over the past 4 years on a property I own.My question is what tax bills are most important; shou...
Hi everyone.I'm an Australian thinking of buying a single family home in Round Rock Taxes this autumn. I'm a bit confused about the taxes I should pay in US, if I buy a house for 250K and rent it out.I would be glad i...
This is a reminder to all REO investors or would-be REO investors:
If your state has transfer taxes that are normally split between the buyer and the seller, most banks make you pay both sides on REO deals.
Be sure ...
hi guys, do I pay states on house flips????
Hi BP Fam!Over the weekend I received two delinquent tax bills from LA county for 2016-17 and 2017-18. Totaling of about $2K.I found this odd because my mortgage bank is setup to pay for the taxes and ,per my escrow, ...
When quickly running numbers on a multi family building, how do you factor tax benefits and paydown in percentage form. For me this would be on buildings that I'm not interested in,have already sold, or are just out ...
Does the wholesaler have to pay taxes. For example if u put a house under contract for $10k more, does taxes come out of that 10k. And do I have to pay the seller before I pay the tax or after?