Yoni Haiminis
Tax implications for "gifting" $$
I am planing on Gifting a family member some $$ to help them with the purchase of an investment property. I was trying to find out if the IRS has any limits on this and if so how does it affect both my tax return and ...
Alexander Reyes
What are some interesting tax benefits for owning a house?
Anyone have any interesting tax benefits that I could use in the Houston Texas real estate market or any general tax advice? Any CPA’s in the Houston area or tax advisors?
Louis Schmidt
Michigan Primary Residence Rental Taxes
Hello!
I currently live in Michigan and am looking at moving out of state. I would like to keep my current residence and rent it out. Is anyone familiar with how the taxes work on that? Obviously my taxes are homeste...
Mike Bowling
Taxes
I haven't purchased my property yet but I'm trying to learn everything I can before I dive in. What all tax write offs can you use when you own property? How much is land tax usually also how often do you have to pay ...
Sarp Ka
Any nationwide system to check actual property tax?
Hello there,I'm an out-of-state investor. I found an issue regarding to property taxes. They are never accurate on Zillow etc. I've recently been browsing Miami area, and I found that most likely you'd be paying prope...
Diego Mishler
Passive Income Tax LLC
So I was reading an article where they were saying that money received from rental properties for example is considered passive income. My question is, if I have an LLC which I want to own my rental properties and th...
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Justin Webb
Subject to, plus Taxes and Insurance?
Hello BP,I just need a little clarification on strategies using subject to. Specifically, how do you handle taxes and insurance? As I understand it, acquiring a property subject to the existing mortgage entails that t...
John Campbell
is an interest-only loan a bad idea?
Hi everyone,I have been on the forums for awhile doing research and I feel that it is time to get my first investment property.I am targeting a duplex in the East Bay and my agent/loan officer has come up with some cr...
Jeff Spacek
Tax Laws and Changes
Hello Happy Thursday!Does anyone understand what these new tax laws mean when it comes to real estate?Does this mean everyone who owns a corporate entity will pay less in taxes across the country?Final question, does ...