Mahmoud Y. Elhalawany
What is the total tax percentage amount on Flips in NC?
Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks
Akram Mollah
how do house flippers actually make money when all they do is 103
hi - i am a buy and hold investor but thinking about flipping. Flipping homes to me seems like a day job where I am always looking for the next deal and at the same time i never really get any money in my pocket becau...
Stuart Cairns
Retiring and debt free property
Discussing an event, where my rental property would be paid off and I would be receiving rent payments.If I was to refinance my home and make the rent payments to the mortgage, would i be better off financially?
I co...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
James Smith
How to appear 100k Gift to invest in RE
Hello Folks,
I wanted to seek advise from the savvy investors here at Biggerpockets.
My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...
Oliver Betuel
Paying myself with rental property cashflow
Hi All,
Can anyone recommend reading material (BP articles etc) that covers how I can pay myself each month with my rental property cashflow? More specifically, how do I calculate what I need to set aside for taxes b...
Joe Zen
Buying a property as your own buyer's agent tax
I am about to close on my first property (me = buyer, me = buyer's agent). I have heard that if you get a buyer's rebate, you do not need to pay tax, since you are just getting your money back (lowering the property c...
Denise Evans
Alabama Tax Sale Excess Funds Strategy is Back!!!
The Alabama Supreme Court ruled on June 24, 2022 that the retroactive portion of a tax sale statute was illegal. The statute stripped former owners (and the investors who partnered with them, by implication) of their ...
Erica Williams
Owners Reclaiming Homes After Tax Sale
Hello,I am in Houston, Texas. I visted the tax accessors website about sale tax homes.Further, I discovered that the homeowner has the right to claim their home after the investor has purchased the home at the tax sal...
Account Closed
Taxes
How much money could we save in federal taxes if buying a larger house with higher property tax? Will it offset a higher mortage payment at all? We live pretty inexpensively right now for our income. How do we figure ...