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...
Lawrence Lloyd paclob
How to determine the price you pay for taxes and other expenses
Hello BP,I would like to ask some newbie questions, *Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget...
Nancy Lamar
Who am I paying when I buy a house that owes taxes?
If a homeowner offers me to buy his house before he gets a tax lien or before it gets auctioned due to back taxes owed on the property, who would I be paying? I figure I shouldn't give the money to the homeowner si...
John H.
live in a house for 2 years, and pay no tax question
In MA, if I live in a house 2 of the past 5 years, I can sell it tax free.
I owned a house for 2 years 1 month.
Does the IRS check up on where you lived for that 2 years?
I actually lived there 2 years, but thr...
Sherry Martin
Flip or rental?
I have a paid off rental house and no mortgage on my modest bungalow. I recently bought a property from the VA for 52k, intending to use it as a rental for passive income. However, my son who has flipped two houses su...
Brandon C.
Property company went bankrupt - left with no deed
I've been reading the forums for a while, but never posted. My in-laws told me about a situation they are going through and this was the first place I thought to post to seek advice. I just heard about this this morni...