Mark S.
Calculating Property Taxes in Memphis, TN on SFR
I am trying to compare the proforma number from a turnkey provide to the actual amount of property taxes that I will likely be responsible for after purchase. I've been doing some reading and according to an article ...
Victor Williams Jr.
Texas Property Tax Protest
Good Morning BiggerPockets family!Quick question:I own a property in the Valley Ranch area of Irving, Texas. At least once a year I get a letter in the mail about considering protesting the property tax amount that's...
Tito Taiwo
How to File taxes on rental property income
Hi! I would like some help. Last year was my mums first year being a Landlord. Now we are both trying to figure out how she properly files taxes on her rental income. Initially I was telling her to treat it as a capit...
Terry Royce
Tax Payment w/ Tax Extension
Hi, all.We are in between accountants, and working on getting someone new in the mix, otherwise I would touch base with them and get this issue clarified.My question is, if we file a tax extension, and don't pay all o...
David Y M.
Newbie Homestead Property Tax Question
I apologize if this is a noobie question.I am currently looking at a property in Collin county for a primary residence with a mysteriously low tax assessed value - half of all the other houses on the block. I looked d...
Kyle Thompson
Cost Seg Questions
Nooby here. I'm trying to under stand Cost Segregation better. I have two questions. 1)I was reading an article that gave the following example:
"John Doe has $200k of taxable income on his W2 and buys an $800k 6-uni...
Jared Ryan
LLCs and personal mortgages
Hello BiggerPockets!I'm exploring the possibility of getting a 10-unit apartment building. With that in mind, I'm wondering if I should get an LLC.Benefits of LLC:1. If I live in the property, I, Jared, can rent from ...
Matt Charette
Can I have some feedback on this deal?
Hey BP!!! It’s official I have my first accepted offer (phew). I was hoping to get community feedback on the numbers. I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much...
Celebra Queen
Moving out of primary residence
Hi, my daughter purchased their primary residence in Fort Lauderdale with a conventional loan in November 2022, but she got a very good job offer and they plan to move to Texas by the end of April. What would be an im...
Frida McKenzie
Reverse Mortgage - Pull Out Money
My Dad is 75. He lives in a home with a reverse mortgage. His home is valued at $300,000 and the payout on the reverse mortgage is $120,000. I would like to pull some of the equity, give him some money, make some upd...