Paul Roth
Do I still pay taxes if I re-invest my LLC's revenues?
I'm planning on mounting an LLC to start my first real estate investments. My plan is to immediately re-invest all profits generated by the entity, in the name of the LLC, so I pay no taxes on it. I would probably inv...
Jason Powell
Is it a bad idea to just sell and pay the taxes?
Are there any BP members here who have a strategy of simply flipping apartment buildings to build wealth, and just pay the tax as a cost of business? As I move along my RE journey (just 5 years), I look at the deals I...
Emily Cole
Two quotes for one job; Maximize expense for taxes or pay less?
Let's say you have an expense that is a repair. You have two different quotes for two variations of the repair job. For context, your cash flow/income is small. One quote costs more than the other. Is it better to max...
Benjamin Herrmann
Does paying a vacant home's property tax give me title to it?
My mother-in-law owns a rental property in Portland, OR 97236. There is a vacent property directly behind her's. I looked up the county tax records to find that they have not been paid in 3 years, making the total amo...
Bryce Carroll
IRS wants me to pay taxes on a SDIRA distributed property's note
Appeal rejected, heading to tax court. 5 figure case.
I distributed a rental property from my SDIRA in 2020 as a cares act withdrawal. There was a mortgage on the property. The irs wants taxes, penalties, and intere...
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...
S Harper
Should I pay off rental when I refi my home? Tax implications?
We have an opportunity to refinance our home and cash out enough to pay off one of our rentals. By doing this we will lower our monthly payment by 450/mo OR if we make the same payments we can reduce our total cost o...
Rapy Narruhn
Do I have to pay capital gains tax on an empty lot?
If I already have a home of my own and I would like to sell a empty lot separate from the lot my home is on, how does capital gains tax play in this? I did some research and saw that since I've owned the property for ...
Nevin Rasor
How can rent payments be tax free when paying down a mortgage?
Hi, I have listened to the podcast and have heard Brandon and David talk about good debt. I am stuck on how rent from tenants could not be taxed when paying down a mortgage. I can understand how the IRS could see rent...
Brent Smith
Fence Across Dry Detention Pond (that I maintain and pay tax on)
Our home sits on a regular shape half acre lot. The rear 25% of the lot (same with the 5 neighbors next to me) is considered a detention pond so it has a gentle slope/swale. It is DRY and only has standing water a cou...