What's the best way to estimate the tax liability when evaluating a property?

Is this accurate:

(NOI - Mortgage Interest - Depreciation) * Tax rate

Which equals your taxable rental income.

Subtract that from your ...

Debating Tax lawyer or accountant for this and next year. Here are my situations:
1. I will be first time home owner this year (hopefully). 
2. I work in PA but lived 2 states (PA, GA) 
3. I have cash from oversee ...

I'm pulling my hair out over this years (2022) taxes. (turbotax)I've worked through all the Federal taxes and in 2021 I had an AGI of $111387. My taxable income was $75202 and fed taxes were $3504.   For 2022 my AGI w...

Hello Friends, I wanted to find out ROI on my investment and I have come up with basic calculator. I wanted someone to review my personalized calculator and suggest any edits.Monthly rent (and other additional perks)(...

Hello BP community!! I have landed my first deal and looking for my second and third. I do have the cash for the second deal, however for the third I was thinking of taking vested money out of my 401k.I would apprecia...

Hi all! I’m trying to convince a homeowner that seller financing is a good deal for both of us. So far I’ve thought of the following benefits for them, and I’m looking for help to see if the upsides are valid and or i...

How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?

I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...

I’m looking for some advice. How much does one property reduce your state/federal income taxes? How much does 2 properties reduce it? I know this is a largely variable question, just looking for advice/ guidance, if i...

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $245,000

Cash invested: $140,000

Sale price: $410,000

Total rehab, foundation, kitchen, baths, drywall, floorin...