Property Taxes

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Ways To Avoid The SALT Tax Cap

Save Despite the New Tax Laws

One of the most controversial provisions of the 2017 Tax Cuts and Jobs Act (TCJA) was the limit it placed on state and local tax (SALT) dedu...

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Cities With Highest And Lowest Real Estate Taxes

Where the SALT Deduction Cap is Most and Least Likely to Affect You

One of the most controversial provisions of the 2017 Tax Cuts and Jobs Act (TCJA) was the cap on state and local tax (SALT) deductions. The ...

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Property Taxes Taxes

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Considering An Investment Property? New Tax Law Means It's Time To Buy

By Ryan Coon, CEO and co-founder of Rentalutions While the unusually fast push-through of the Tax Cuts and Jobs Act raised eyebrows aro...

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Q&A

Asked by Martha

This broker says he can get me a lower interest rate on my mortgage if I pay the taxes each month along with the mortgage to a bank. Is this for real or a scam?

Answered by Kim Miller PRO+
CFP® in Redmond, WA

Yes, many banks will SLIGHTLY reduce the interest rate on a loan if you set up an escrow account with them for taxes and insurance. Good luck!

Property Taxes Home Purchase Loan Borrowing Mortgage Refinance

Q&A

Asked by ellensens723

I own a home out of town that I rarely use. Should I sell it or keep it? Which is better from an investment & tax standpoint?

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Answers 3

Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL

If you do not use the house or rent it out there is an opportunity cost, which represents the fair market value (FMV) of the home. If you sold the home, you would hav...

Property Taxes Investing & Retiring

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Pack Your Bags And Save Thousands On Taxes

Reduce Your Tax Bill by Moving

"Honey, our taxes are just too high. We're moving to Alaska," said no one, ever. Nevertheless, a new study from the moving assistance web...

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How New Tax Law Affects Homeowners

The Changing Landscape of Deductions

After weeks of negotiations between the House and the Senate, Congress finally passed tax legislation designed to lower taxes and stimulate ...

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Property Taxes Tax Returns Taxes Tax Laws

Q&A

Asked by an anonymous user

Where can I purchase tax lien properties and how? Will I have full authorization to sell later? Is this a legit route?

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Answers 1

Answered by Taylor Kovar
Wealth Manager in Lufkin, TX

1a: You can purchase tax lien properties from your city/county/parish/etc 1b: Call the tax office and find out how and when they sell them. Most locations now have th...

Property Taxes Delinquency, Foreclosure & Eviction Tax Liens Taxes

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Asked by Nettrickr

Can you explain a 1031 exchange using two existing rental properties buying one property and what income tax there would be?

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Answers 1

Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC

Hi Nettrickr A 1031 exchange is designed to defer taxes. Check with your property attorney for specifics in your situation. The exchange can include like-kind p...

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