Michael Dunn
Renters paying $500 per month .... How to Deosit it Taxes on it?
Good Evening ,I'm in a situation that is a good one , although it is new territory for me , and I need some wisdom as to how best to go about it.The situation is ..... I just bought a House that has a separate " Moth...
Jonn Vidal
GROSS OFFER Buyer to pay 'All' Closing costs even Xfer Tax! Okay?
Is that ok at NY closing table or is Cash Buyer just fluffing?
I'm thinking hmmm what about say (besides commissions if any): Closing attorney, Property Tax Adjustment (usually $500?) and that thing where you 'ha...
Champ Leong
How do I pay myself and use it as a tax deduction?
If I want to pay myself for managing the room I rent out, mowing the lawn etc am I able to use this as a tax deduction against my rental income?
Jason Williams
Cook island trust pay capital gains tax on US real estate sold?
Curious about tax benefits, if any, with a Cook island trust. If the trust sells a property in the US, is it subject to the same capital gains as a US resident or US trust?
Farid Moaveni
Do you have to pay taxes when refinancing a home after rehabbing?
Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...
Will F.
How to pay less taxes? 1 silent funding-1 active proj manager
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
Shalece Gilliam
can i offer to pay someone taxes in trade of their home?
I have found a few run-down vacant homes; the owners owe a few years in taxes. could i offer to pay the taxes for them in exchange of the house? would that be a different type of contract from the typical wholesale?
Mylie Na
Do I need to pay self-employment tax on my rental income
Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...
Diana Fernandez
Pay cash or 20% down on a loan for tax purposes; 90kMFU
Hi newbie here,This will be our first out of state Multi Family unit purchase. It’s located in Texas off market and going for 90k. I was considering paying it cash or 20% down and carrying a mortgage for tax purposes...
Fahadbin Alam
How do I pay the bills,taxes, and insurance of a property?
Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.
1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?
2. H...