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...
Christian Ferreira
Do you pay Capital Gains Tax on Sale of Sub-Divide Land
Hello Everyone,I recently purchased a property that has land with enough frontage on a side street to legally sub-divide into a build-able lot. Still deciding if I want to build something or just sell the lot. My ques...
David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Igor Thornton
Taking money from one LLC to fund another, do I pay taxes
Hi everyone! New to posting, however, I have been reading this forum for sometime.I have a full time job ( W2 type job). I also have an LLC (with a partner) providing a service, which has generated profits. I reinvest...
Vidit S.
Who pays taxes for a land trust with LLC as a beneficiary?
Hi - I am getting a land trust in Florida with a LLC as a beneficiary to get a rental property in the trust. This LLC will have a WY LLC as a member for charging order protection. I have been reading some tax laws an...
Jared Schofield
Do I need to pay taxes on my equity after I sell?
I wanna sell my house. Use half for down payment and half to buy a food truck. Will I have to pay taxes on my equity that I cash out?
Bryant Brislin
Pay of HERO loan or let it ride on the tax bill?
I'm in escrow to buy a property where the seller used a HERO loan to put energy efficient windows on the house. The amount of the loan is about 10k which he has amortized for a few years on his tax bill, where he is p...
Daniel Cardona
Seller Financing - What taxes do I pay as a seller and when?
Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
Jessica Brewster
Can I take ownership of property if I pay the late taxes?
Hello my name is Jessica I'm new to this but I've been a member of bigger pockets for a while now. Ok so my question is can I take ownership of a property once I've paid the property taxes on it and I have given the ...
Jessica Brewster
Can I take ownership of property if I pay the late taxes?
Hello my name is Jessica I'm new to this but I've been a member of bigger pockets for a while now. Ok so my question is can I take ownership of a property once I've paid the property taxes on it and I have given the o...