Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Phoenix Ocionna
voluntarily paying more tax(!) for a cashout refi, cannot get guidance
Have the following : a primary res in NYC valued at 800k,2 investment 3 fams in New Haven, CT each valued at 150k cashflowing 15k each per year, and an investment condo in Baltimore, MD valued at 100k cashflowing 10...
John Nisewonger
Tax question on a flip - Paying cash for materials and workers
Getting ready to close on a house I plan on rehabbing/flipping. I am finding a lot of materials and appliances for sale on craigslist that are waaaayyyy cheaper than buying from lower, HD etc. I also found a group o...
Charlotte Edwards
How and When do you pay property taxes in Winnebago Co
So I've never lived in the USA as an adult; I went abroad after college (lived in dorm and with my parents) so in buying a house in Rockford, I learned that I'm not up to speed on things like property taxes among othe...
Joe Szymczak II
Pay capital gains tax after using my house as a rental?
Hello BP community! I have owned my house for over 8 years now and it has appreciated a good amount. I know that if I were to sell it outright I WOULD NOT have to pay capital gains taxes on it. However.... I would ...
Russell Buxton
Pay down mortgage or use interest deduction to limit taxes owed?
I would love advice on this investment question. I currently own 4 properties that I pay approx. 5k in total in mortgage interest payments per month. I could easily pay off all my mortgages and own all the properties...
Jason Switherspoon
Do I have to pay gift tax on a discounted house?
My cousin had her house appraised for $275k. She is going to sell it to me for $235k. Are there tax implications that I will have to face as a result of the discount?
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...
Jessica Chow
STR under LLC- how to pay the least amount of taxes?
Hello BP family!My friends and are thinking of investing in a STR in Palm Springs, bought under an LLC. Our biggest question is how to structure the exit strategy in the operating agreement, and the best way to distri...
Josh Thomas
NPN 1st with unpaid property taxes, how to pay them off
I'm looking at two non-performing 1st notes with substantial unpaid property taxes that will be sold at tax lien sales in April. What is the procedure to pay the taxes as a new loan to the borrower? Where can I read u...