Nat Serrano
Convenient to sell or keep? how much taxes will I pay?
I have a triplex I bought in 6+ years ago for 190k, I refinanced and got some cash out, now I owe to the bank 350k and my cash flow is minimal after refinance ($100-200) and now I live far away and because the home is...
Justin Hennig
When does Seller Pay Taxes on Contract for Deed / Land Contract?
When an owner sells their property on a contract for deed, do they pay taxes on the whole amount at the date the Contract for Deed is signed and put into place, or after the CD is satisfied and deed is actually transf...
Brian S.
Best way to buy family members home and pay less tax
Hello,I'm looking for some advice on the best way to buy a family members home, and both of us paying as little tax as possible. The property is in the Tampa Bay, Florida area. I originally thought I would refinance a...
Sigurd Panke
Pre-pay federal tax to IRS on sale of rental home?
I'll be closing on the sale of a rental home on 1/2/20, and will incur around $15k in long term capital gains taxes on the sale. Do I need to pre-pay the IRS some taxes, or can I wait until April 2021 when I file my 2...
David C.
Build and sell do you have to pay social security tax?
This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...
Austin Carter
When do I pay Capital Gains Tax When Scaling 1031 Exchange?
So quick question I couldn't find while searching the forums. Let's say you hoise hack and 1031 your way up to multiple properties and you finally use one of the homes as your exclusive principal residence and sell. H...
Chris Sonnleitner
Tax lien question can I pay before it goes to auction?
There is a property that has tax liens on it that I am interested in.I know the address, how much is owed, etc etc...
Do I have to go to a tax auction in order to pay the past due taxes on it or can I pay them now so...
James Bartlett
Title in my name, but owner still pays insurance and taxes?
Currently working on a selling financing deal. Primarily, I manage STR’s for other owners. One of the buildings I manage, the owner and I are figuring out terms. I want insurance, taxes, and utilities to stay in the ...
Nikola Dokic
Max out 401K vs Paying More Taxes (but having more cash)
Hello BP Community!I have one deal under my belt and want to purchase another property by the end of the year, but I am running into a personal finance dilemma. I make very good income (over six figures) but because o...
Tyler R.
Trying to avoid paying heavy capital gains taxes all at once!
Do you have a positive solution for the below situation?
Someone is wanting to pay off a commercial building early that I financed, because they are selling the building. This person is willing to work with me to co...