Scott Sewell
Is there Income tax on sale proceeds from a Multifamily Property?
Need some help Guys!We've asked two Accountants and gotten two different answers to the question above. So let me define this hypothetical a little further:On a multifamily sale (strictly investment property), after p...
Zac Davis
Taxes on my first flip
Hello,I'm to the point where I'm ready to dive in I believe. Just need to find the right deal and I'll be one of you all. I do have a question about taxes on the first flip profits (assuming there are profits)I read t...
Martin Sterling
Fundrise Tax Minimization Strategy
Greetings, I want to know if there are any suggested tax minimization strategies when investing in places like Fundrise or Prosper. From my understanding, your returns are taxed at ordinary income rates which is not i...
Julio Vasquez
Establishing Partnership for Flips
Hello everyone,My partner and I would like to start rehabbing properties. We have the construction background and the capital from private individuals. My question is about establishing the company.. LLC or S-Corp? Ho...
Account Closed
Texas Disabled Veteran Property Tax Exempt multiple properties
Hello everyone,
I understand that in Texas disabled veterans rated at 100% by the VA are exempt from states property taxes. How does this work for those who own more than one property? I referred to Texas Tax Cod...
Shopitha Kumar
Is Buying Duplex in Bay Area a Good Deal if we are living in it
Hi , I am looking at Duplex in Bay area . Idea is to live in one and rent out the other. So this will be our primary home for next 3-4 year. I have currently found a property that is $1.5M . The Rent on the second uni...
Matt Lorenzo
Cash Out Refinance Question
I own a 1-bed 1-bath condo in Cleveland, Ohio that was purchased in full for $50,000. We had the kitchen completely remodeled and now the condo is about $60,000. There is 1 renter there who is paying $800 plus utiliti...
Megan A.
Ohio Utility Rates: Newbie Cry for Help
Hello fellow BPers! Newbie investor here, hoping for some friendly insight from this fantastic community. I'm in the binge watch BP webinars and "run numbers all day every day" phase of my investing journey and I've ...
Andrew Everett
Refi primary residence to turn into long term rental?
Hi BP - My primary residence is currently on year 3 of a 15yr mortgage at 3.125%. I'm looking to buy my next home which will be a non home sale contingent purchase. My question is whether it makes sense to refinance m...
Kathy Lien
Woodlands TX - Good opportunity?
I'm a first time investor looking at the Houston area.Does anyone have thoughts on Woodlands? See 3 bedroom SFR near the schools for about 300K that rent 2500-2900 on craigslist. Mortgage $1000Taxes $500Insurance $10...