I understand that I'll pay 100% of the following costs if I purchase an REO in Baltimore City:State Recordation Tax ($10 per $1,000)State Transfer Tax (.5%)City Transfer Tax (1.5%)My question is in regard to whether t...
Hi
Could someone help me the following - As a passive investor, how does one claim the depreciation/losses from the investment property? For example - if expenses are more than profits and you have a net loss, could ...
I'm interested in buying a new construction home in West Plaza area in Kansas City. Expected closing in May 2023. Seller won't credit me the pro-rated portion (from Jan - Apr) of tax based the sale price. Will I b...
I've been a lurker here at BiggerPockets for some time, but now I have a question that I'm hoping someone can answer.
I have a long term rental property that I had to sell. The sales agreement was signed in November...
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 everyone,I am currently living between the U.K and the U.S as my wife is American. I am looking to start investing in properties this year.Does anyone know the process of how to obtain a low interest rate loan f...
Will the new tax lien auction changes taking place in 2020 affect properties listed as sold to the state prior to 2020?
View report
*This link comes directly from our calculators, based on information input by the member who posted.
I know that the calculator is using aridna to do its calculations but is it accurate? I'm having trouble finding any single family homes that cash flow sufficiently in the Kissimmee/Davenport FL areas just by using t...
Hi everyone,
I am trying to do tax myself but not sure how to find the land and improvement value of my Atlanta property. I tried to look it on the tax bill and appraisal but did not see it. Could I find this inform...