Eric H.
Estimating tax liability
What's the best way to estimate the tax liability when evaluating a property?
Is this accurate:
(NOI - Mortgage Interest - Depreciation) * Tax rate
Which equals your taxable rental income.
Subtract that from your ...
Eric Cunningham
Seller Tax Liability
Wholesalers,How do you explain to the seller the fed/state tax liability that comes with the sale of their home (assuming it's a second home - not their primary residence)? Since most sellers are hoping for a quick ca...
Luciano Gaita
Reduce tax liability
This year I sold a rental property with a capital gains of 60kI’m looking to reinvest in something that will reduce my tax liability. I get a lot of ads on my Facebook feed regarding investments that may do that looki...
Michael Parham
Selling and tax liability
I have a question about the 1031 laws. I have a rental property, in California, which I have a substantial amount of equity in.I am looking for a way to sell this property so I can purchase 15-20 multi-unit properties...
Carmen Ngai
Depreciation and tax liability
Hi Everyone,
I am just starting out and looking for a rental property. So, I have lots of questions, especially about depreciation. I'd like to evaluate how it affects the tax consequence when I sell it some day....
Matthew Pang
Tax Lien Certificates Liability
I'm looking to start investing in tax lien certificates in possibly multiple states. They're essentially rights to the interest of overdue taxes secured by a property. Depending on the state you might be able to forec...
Jan L.
Tax liability on foreign rentals
I'm looking to buy a few single family homes in Mexico to rent out. We live in the US and I know that I probably would have to consult a Mexican tax attorney regarding Mexican tax law, but was hoping somebody here wou...
David McFarland
Tax liability upon final exit
I've been researching the tax liabilities associated with the "final exit" after a series of 1031 exchanges. I have had some folks caution me that they "can't afford" to exit after 30 year of real estate investing bu...
Jeffrey Mayer
Georgia Tax Liabilities, BRRR Strategy
Hello,I am looking to begin investing with a buy and hold strategy using the BRRR strategy, or something close to it. If I were to follow the plan of the BRRR strategy and generally speaking, would my LLC incur any ta...
Garrett Pohl
Tax deed liability? Georgia - Irma
I purchased a home recently at a tax sale in ga. It is still well within the redemption period, but with hurricane Irma moving in has me wondering. Who is responsible if a neighboring home is damaged due to the proper...