So time is running out to lower my taxes next year. I’ve done a couple flips this year that I plan to expense the rehab costs but I was wondering if there are any other things I can do to absorb some of the taxes. I o...
What taxes do you pay when you receive passive income?
also can someone please give some details on other types of income.
After you make your first purchase and each following, what does it take to get the loan to purchase the following property? I have a 30 yr mortgage and expect I would have to show the rental income from the first cas...
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
Hey everyone. We will be closing on a 42-unit apartment complex with a $2.15M purchase price here in Cincinnati, Ohio within the next month. We are considering having a cost segregation study done to accelerate deprec...
Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
Need help analyzing my first deal. It's in a c class neighborhood in Warren MI. Price 105,000 rent ready. 3 bed 1 bath, basement and garage. Expected rent 1200. Expected taxes 3200 (unbelievable to me!). It meets 1% b...
I purchased a 1 BR in Astoria in a newly built condo in September 2021. The cost of condo is $600k and the initial listed property tax was $410 per month. I just received my annual Notice of Property Value (NOPV) whic...
How's it going?! I have a property under contract within the City of Wyoming. After looking up the tax info for other homes in the area of about the same age and size, I feel that that assessed tax value is high. How ...
Hi Everyone ,Has anyone bought property with money from 401k , would you recommend doing that. Also, is it possible to buy within the entity? How does it work? I'm also debating on what to do with the money I have t...