I am selling a home that I have lived in for the first two years of the last five year period. During the most recent five years we have been renting the house out. What are the tax implications for selling the house?...
I own a condo in NJ that I'd like to rent. The regular property taxes are included in my monthly mortgage payment, but not the quarterly sewer tax. Also, my homeowners association requires our dryer vents to be prof...
Greetings BP family! Newbie here, soaking in the collective wisdom.I was googling passive income the other day and learned that you can earn up to 80 k and not pay federal income tax. Is that true?
Hello there BP land!
I'm trying to work out some creative financing for a massive historical renovation that has gone a bit over budget. My father is willing to help out with the estimated 25k we are going to need to...
View report
*This link comes directly from our calculators, based on information input by the member who posted.What kind of COC ROI do you try to aim for on BRRRR deals?
Has anyone had any luck with these in Toronto or the surrounding areas (Hamilton, etc)? I am curious to hear.
A 95 year old woman has 3 adjacent properties. 1 is her primary residence and the other 2 have rental houses on them. In 2012 she established a Life Estate adding her daughters as Remainders on the deeds. The woman a...
If u own rentals in a different city do you get a business license in the city of the rentals or where u live? Is it required if you have state and federal to have a city business license??
We have a rental property under contract to sell for a profit of 55k. (44,500 after paying real estate commissions). If we did a 1030 exchange, then did a cash out refi could we retrieve our cash and avoid capital g...
I have a question for the Wisconsin investors. When doing a flip how are the taxes calculated? I believe I read that the profits are taxed as self employment? or is it capital gains? How much should I plan on paying a...