If I rent many properties in Miami Florida, will I have to pay taxes ?

**MiamiHeater305** · 04-04-2011, 05:07 PM

I know if I own a house I have to pay taxes at the end of the year for that property.

But lets say I have it rented all year long, do I have to pay additional income taxes on it ?

I know every city is different, but how does it work in your city.

If I own 3 properties, and they are rented, what percentage do I pay taxes on.
Or is just the property taxes at the end of the year enough ?

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One last thing, I heard that in Miami if you own the land, the city has a grant and they will give you free money to build your own house on that land, as long as you don't sell it in 30 years, you won't have to pay them back

Anyone know about that, how can I find more information on that grant, or bill.
What is it called ?

Let me know, I read up on this forum every day
I am about to start purchasing my first house or two.

Thanks

**Greg** · 04-05-2011, 05:41 AM

If your rental houses turn a profit you will have to pay income tax on the profit. There might be other taxes specific to miami that you need to talk to someone local about.

**MikeAustin** · 04-13-2011, 05:48 PM

Generally, income taxes are subject to income taxes.

**jazzalbart** · 05-23-2012, 01:54 AM

Well it depends on the situation. If you are renting you property for gaining the profit then you have to pay income tax. And as you say you are planning to rent many properties then you should pay tax for that. It’s a legal stuff so don’t try to avoid it.