22 December 2024 | 23 replies
And if there is a "why" then the 1031 is what you want to use to get into a new property and defer all tax.
22 December 2024 | 7 replies
As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow will be up and down and unreliable.
23 December 2024 | 21 replies
Welcome to BP and hope all is well out on the rock.
22 December 2024 | 9 replies
Two of the units have their own W/D. 4 others share a separate W/D so it isn't taxed very much.
19 December 2024 | 13 replies
I could also see 15% corp tax and the whole no tax on tips thing.
19 December 2024 | 12 replies
Taxable income is not cash flow.There are a myriad possibilities for taxes.
22 December 2024 | 5 replies
Hope this helps.
20 December 2024 | 8 replies
So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.
22 December 2024 | 24 replies
Higher property taxes compound the expense for buyers, making affordability harder to achieve.
19 December 2024 | 25 replies
I think a good tax person is worth their cost.