Samuel Mutschler
Balloon Mortgage and Taxes!
I found an investor for a rental property. The investor will act as the "bank" and provide the money for the investment property at maybe a 5% interest rate. Myself, the "landlord", will find a property to buy and man...
Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
Robert Wood
Want to sell a property that was given to me
I was given a property kinda as a inheritance.was my mothers home but was in my aunts name and signed over to me from my aunt. I put a lot of work in it and am ready to sell and start investing but I’m trying to avoi...
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...
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...
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...