Matt Henshaw
How does my insurance claims impact my taxes?
Two of my rental properties received hail and wind damage during the summer. I need help answering an insurance/tax question for which I am getting varied responses from the ‘experts’. Both rental properties had a c...
Omar Chavez
County Tax Assessment Impact On Appraisal for HELOC
Hi BP Family!
I'm currently in the process of trying to get a HELOC to get some money for my next deal. The bank didn't do a full appraisal, but instead used an online system called an AVM appraisal, and said my home...
Account Closed
Tax impact on Hard money - refinance - selling property
Hi, I have purchased a 3 unit multi fam property under LLC (50/50 partnership husband and wife in NJ which is Non-community state) and financed (100%) through hard money lender(personal guarantee). After the rehab was...
Collin Hays
Impact of Biden tax plan on STR investing?
With a Biden Presidency, taxes on on everyone making $400K a year are going up. There is speculation that the "only" 20 percent capital gains tax will go up, and in fact, for folks making $400K a year, capital gains ...
Venkata Chintala
Tax impact of construction loan for rental property
I took a construction loan in 2018 to have a fourplex built for renting it out. The fourplex construction will not complete until mid 2019. I understand that the interest paid during construction needs to be added to ...
Sonny Sach
Nex tax law - how it impacts the REI
Hey folks,I came across an interesting article regarding the implications of the new tax law and I thought I would share with everyone. I could use some clarification on some of it from the more experienced investors...
Sattir Bitti
Texas Property Tax doubled, now impacting cash flow
Hi All,Is it just me or everyone is feeling the pinch of increase of property taxes for investment homes in Texas? This year assessed value in particular has doubled for my duplex, that means my property tax for non-o...
Eric F.
WA -> Idaho Investing - Property & Income Tax Impact?
I live in Washington near the border to Idaho. I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes i...
Simond Wong
Tax Impact to Transfer Parents houses to me
BP Fam,Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania. I assume They should be able to gift all of ...
Simond Wong
Tax Impact: Transfer Parent's homes to Me, Please :)
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...