Sentences with phrase «taxes on a duplex»

Question on how Charleston, SC handles taxes on a duplex.

Not exact matches

For example - I was going to get 3 cash out refi on my Ohio duplexes, got quotes for 5 + lenders and everyone was about $ 4,500 - $ 7,000 in total loan fees (this is not including prorate amounts for property taxes, insurance, etc. which can bump your cash required to close up to $ 10k - $ 15k.

I am on the fence about him doing my taxes this year with everything being so intricate with my first year owning a duplex.

Interestingly, because of how high the cash flow is on the property, the amount that she DID pay covers the mortgage, escrow, insurance, property taxes and PM fee of 9 percent on the entire property... and since it's a duplex then what the other tenant pays is pure cash flow.

They owed $ 18K in taxes on the 1/2 duplex and basically sold ti to John for a small amount with the understanding that they would cover the taxes and make it go away.

In the case of a dual use property, such as ranch, retail store, duplex or triplex, the Investor can defer taxes on the portion of the property used for business or investment under Section 1031 of the Internal Revenue Code and exclude capital gain on the portion used as the primary residence under Section 121 of the Internal Revenue Code.