How much taxes do I have to pay on the profit I make from flipping a home? I heard I have to pay 25%,  which seams very high. 

I know this may be a simple question but I am having trouble finding the answer.  1st, In regards to a single member LLC taxed as a pass through, which state do you pay taxes?  I live in Illinois but the property that...

Sold my rental house owner financing last year. This year’s mortgage note interested income is $4312. After put it in turbo tax. 700was charged for federal and state tax together. Does that sound right? I feel like th...

Can anyone quickly share a math model of a the depreciation recapture scenario below? Thanks in advance for considering.
Purchased a home for $700k
Completed $25k in renovations
Completed a cost seg study (80% bonu...

Hello,I am curious if anyone has done a rehab on a historic house. Being a registered historic structure, were you limited in any way? I do believe there are stricter rehab guidelines in regards to maintaining its ori...

hello everyone I'm new to this forum and I'm looking for advice.  I'm investing in the city of Philadelphia Pennsylvania and I would like to know information about fees I expect to pay in Philadelphia as investor of ...

Hello Everyone!I am trying to break down different scenarios for a future flip in Chicago and was hoping I can get some feedback from people.  I do plan to do this under my own name and not in the name of an LLC(for t...

My father and I own 3 properties (6 units). Taxes are becoming more confusing each year as we have more properties, more repairs, contractors, interest, etc. What is the best way to file our taxes so everything is spl...

I am trying to determine if it is a good idea to cash out an old 401k (55k) from a former employer to use to invest in additional properties.  Isn't the 10% penalty the same as a loan at 10%?

Hello, We are in need of a long term back and forth relationship with a CPA. My husband and I are both self employed and I'm not sure how to go about finding a good cpa who knows real estate tax law in Pennsylvania. O...