Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
So I'm about to sell my primary residence, if the profit is roughly 450,000, and I am eligible for $250,000 capital gains exemption, it means that I will be paying capital gains on the remaining $200,000.My question i...
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
Hey everyone, New to investing in real estate. Been listening to and watching a lot on real estate investing but a lot of the content is US specific and I'm trying to verify this with seasoned investors for Canada. I ...
Should cash flow on a property be calculated after subtracting tax?Tax is high in Canada ~45%, so this makes a big difference.Thanks,Kaitie
would appreciate any information
Hello BiggerPockets!So I'm new and trying to analyze a property and determine its property taxes using our county tax assessors page. The only problem is the property isn't showing up? I'm not looking to buy this pr...
What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...
Great podcast.
Ankit described using equalized values during the due diligence period. I am not familiar with this term. What are equalized values and how are they used in the analysis?
Thanks,
Wm