Matthew Grebeta
How much will I owe?!
On a home owned for 8 months where I mortgaged 185k put in 30k and then sell for 300k, presuming there are 25k in fees. What will I owe in taxes?!?
Cliff T.
How is assessed value calculated in Philadelphia?
Anyone know of a good way to estimate how assessed value for a property in Philadelphia will change after purchase? For example, if the current assessed value for a property is $800,000 and I plan to purchase at $1,00...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...
William Hull
State Homeowners Pay The Highest And Lowest Property Taxes
Deductions for state and local taxes may be done away with if the recently released currently tax proposal put out by the White House goes through. This area is a particularly controversial part of Donald J. Trump's n...
Brandon Benzing
Need Advice on Potential House-Hack and Airbnb across State Lines
Here's the scoop. I'm being asked by my employer to move from our Greenville, SC office to Asheville, NC. I'm looking to physically move from zip 29642 to 28806, but thanks to Bigger Pockets, I want to capitalize on...
David Rogers
Cleveland Comtesting Property Values
I contested the value of 2 of my properties this last year and won both reviews. The county adjusted the value of each house to my purchase price but neither mortgage has adjusted their escrow to reflect the change. B...
Edgar Martin
Capital gains tax on a flip
I understand capital gain taxes vary from state to state on a fix and flip.My question is are taxes assessed on the total sales price of the home or only on the profit made from the home?Ex: Price purchase of flip: 17...
Account Closed
Title company wants to charge me (the seller) additional property tax after the flip property has already closed?
Hello, just received the following email saying I owe additional pro-rated property taxes for a recent flip that closed in late September. Anyone else had this happen? It seems to me that this was the Title Company's ...
Greg Baker
Trying to understand administrative divisions in New York (County, Village, City, School District, etc.)
Help! I wanted to check out tax rates within some nearby areas and started out here: http://www.osc.state.ny.us/localgov/orptbook/2012t...I was quickly baffled by the differences between counties, municipalities, cla...
Michael Conrad
First time MFH
Hello,I am a long time follower of BP. I am getting my first property and plan to use a buy and hold strategy. I was hoping some of you could take a look at some of my numbers and give any advice possible. I will owne...