Hi Everyone, I’m confused about capital gains taxes on the sale of my rental property. First a little background: I bought a condo in Florida in 2008 for $200k I lived in it as my primary home until 2013 at which poi...
I have seen several homes this week where sellers are all current on notes but house is slightly underwater. They don't want to short sale as it will affect their credit.
Is there any solution to this? Anyway to get ...
Hello,
Background:
-I own a duplex in Florida that I purchased for 65k cash, so the property is free and clear. I have owned it for 6 months in the name of my LLC.
-I am thinking down the road about slowly adding m...
I just bought a triplex and am planning to live in one of the units. I'm trying to make sure, for tax purposes, that I document everything and keep the expenses for the rental units as separate from my personal exp...
Besides making less money, what are some good ways to reduce my income tax bills? I mostly flip & wholesale, so my income is primarily taxed at short term rates. Between state & federal last year my tax bill...
Well after investing for several years in ghetto and low income areas I am looking to branch out and get some nicer units with some hopes of appreciation. I have ran across some hotels that sell units. Basiclly you bu...
I will be starting to flip a property. I heard many saying that we should buy the property using a corporation, and not our own names.
Plus I am buying the property 50/50 with a contractor. Should we put my company ...
Hey all!Let's make this an open discussion about the BEST cities to invest in, in Ontario for each category of investing. For example, Kitchener, Waterloo: Student Rental properties. Hamilton: Fix & Flip propertie...
Good morning everyone,I have a basic taxes question for you today:Assuming my gross rent income is1000$/ month and based on accurate research I can plan a total of 500$/month of expenses (small repair; big repair; cap...
I’ve been running some mock property assessments from Zillow. I’m not quite sure I’m creating the NOI correctly. What all should I include in the income side and the expense side of the equation? How does mortgage fit...