I'm trying to setup some defaults and am stumped here. I've been estimating Taxes as a % of After Repair Value. How do I estimate Taxes by % of gross income? I like the default for initial analysis.
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Greetings,I'm an investor in NW Georgia and I'm looking for a CPA with a strong real estate background that can also serve as a tax strategist. I've met with one, but I'm looking to find one that is a bit more respons...
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I have been doing my research for the past few months and I have been trying to investigate all aspects of "the flip." One question I have is- How much do most of you generally pay, percentage-wise on captial gains. I...
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Has anyone on here ever added extra income or not deducted all eligible expenses in order to show more income on your schedule E? You would pay more taxes but it could make the property more attractive to buyers and ...
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After reading "The Book on Tax Strategies for the Savvy Real Estate Investor," I've come to the realization that our current CPA isn't cutting it. I'm looking for a tax advisor who has solid knowledge of the real esta...
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Investment Info:
Single-family residence buy & hold investment in Glen Burnie.
Purchase price: $145,000
Cash invested: $35,000
3 bed / 2.5 bath short sale town home. Closed in Dec. 2017 completed...
I heard a podcast where Peter Schiff explained he doesn’t pay federal income tax because he “moved” to Puerto Rico. I got curious and looked up whether Puerto Ricans have to pay capital gains tax, and it sounds like ...
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Hello Bigger pocket colleagues,So I have a question about selling a primary residence. What are some of the specific taxes that would come out of selling a property, that is if one was to sell their home after paying ...
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I’m considering purchasing a foreclosed home, ARV and property location is great. Is there anything in particular I should look out for when it comes to purchasing a foreclosure?
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I am planning a few refinances and want my ducks in a row. I have two questions on how conventional banks calculate DTI. First question is will they count W2 income from gross or adjusted gross from tax documents? For...