All Forum Posts by: Brian Glasspoole

There is a somewhat complex, but powerful tax strategy unique to RE investors that expands upon the Mad Fientists roth conversion ladder.
1. High Income professional over the income bracket that allows you to deduct RE depreciation from W-2/1099 non RE income.
2. Losses, including carried forward from RE (tax form 8582) can be used to significantly offset roth conversions in early retirement if you keep income under the threshold. 

It is like a turbo charger for roth conversions. 

My CPA said it is legal. 
I hope this helps someone reading this. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Idaho.

Duplex that cash flows. Buy & Hold

How did you find this deal and how did you negotiate it?

My Agent.

How did you finance this deal?

10 year balloon amortized at 30 year.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Eric Uhlenhoff - Agent
Jared Polumbo - Bank of Idaho.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Titusville.

Duplex

How did you find this deal and how did you negotiate it?

My Agent.

How did you finance this deal?

10 year baloon amortized at 30 year.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Eric Uhlenhoff - Agent
Jared Polumbo - Bank of Idaho.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $600,000

Long term buy & hold duplex

How did you find this deal and how did you negotiate it?

Agent

How did you finance this deal?

30 year fixed rate debt

Investment Info:

Single-family residence buy & hold investment in Nampa.

Purchase price: $145,000
Cash invested: $25,000

SFR long term hold

How did you find this deal and how did you negotiate it?

MLS_Agent

How did you finance this deal?

30 year fixed

How did you add value to the deal?

Long term hold

Investment Info:

Single-family residence buy & hold investment in Nampa.

Purchase price: $145,000
Cash invested: $25,000

SFR

How did you find this deal and how did you negotiate it?

MLS_Agent

How did you finance this deal?

30 year fixed

How did you add value to the deal?

Long term hold

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Nampa.

Purchase price: $500,000

Cash Flowing Duplex

How did you find this deal and how did you negotiate it?

Local Real Estate Agent who my property manager introduced me to.
Eric Euhlenhoff - Great Agent

How did you finance this deal?

Cash Out refinance other long term buy and hold

What was the outcome?

Cash Flow

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes - Eric Euhlenhoff - Great Agent
Local Lender - Jared Polumbo

Thank You Bruce.

Jonathan, The taxes are because I am a high income person with other businesses. 

Thank You Wayne. Any idea where the barrier to entry is less? Taxes are my main concern.

Hello Everyone,

I am an investor looking to get my license, mainly for access to the MLS and tax reasons.

Does anyone know of states with less requirements? I live in CA and it seems like a process here. 

Thank You, 

Brian