13 July 2018 | 8 replies
@Kori Ford, going through the process of the tax auction should wipe those liens clean...
11 July 2018 | 0 replies
Attached is the real property tax bill, however the amount due is way more then the property assessment.
11 July 2018 | 2 replies
The rent rates are cautiously 1200/monthThe tenant will pay utilities and rental insurance I'm estimating is 100 a month.The taxes are 2k/yearly.I will be managing this property myself.Thank you!
22 July 2018 | 5 replies
The amount to bring current is an estimate until you get in writing how much is needed from the bank including legal costs and unpaid taxes.
18 July 2018 | 14 replies
also you could donate the homes to a local charity who then make sure the tenants still meet requirements and then you fill it in and get a tax write off.
17 July 2018 | 12 replies
@Daulton H.Get QBs -easier for accountants to do your taxes, better if you get audited, better if bank wants financials, etc.
24 December 2020 | 9 replies
When tax season comes, we give our CPA access to our QB and send him our W9s from our personal jobs as well.He handles the taxes for the LLC as well as us personally.
15 July 2018 | 1 reply
Good evening,Is it possible to pay tax under one ITIN number and have the property in another name ?
17 July 2018 | 4 replies
If you haven't lived there for more than 2 years, you might also have to pay a capital gains tax on any profits.
2 December 2019 | 4 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.