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2 October 2024 | 24 replies
Because I want to get as much of my capital into a tax free earnings bucket as I can and for me, that's real estate.
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30 September 2024 | 8 replies
Having been in the lending space for a while now, Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA.
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2 October 2024 | 15 replies
Can I by way of my experience, knowledge, and capital attract OPM2.
1 October 2024 | 10 replies
When you say a man in debt is a slave, are you referring to debt used for personal items, or are you including debt used to acquire income producing or capital appreciating assets also?
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1 October 2024 | 8 replies
Is there a lender/ lender type anyone recommendeds.Contrary to the mis information provided above, I know of no legitimate institutional lender that will lend money in a situation where the borrower has no capital of his own invested, at least since 2008!
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30 September 2024 | 5 replies
There’s a major advantage here, especially for the seller, as it can help them defer capital gains taxes.
28 September 2024 | 19 replies
Simply put, the smaller the variance between the basis and the sales price of an asset, the less capital gains taxes are due from the sale.
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1 October 2024 | 12 replies
For example, you may buy a property today and budget money for capital expenses each month for the next 5 years until finally you need to replace the HVAC.
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28 September 2024 | 8 replies
So I know with the BRRRR strategy you start off with either your own capital or borrowed capital until you can refinance.
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28 September 2024 | 4 replies
How will the capital gains and rental income be taxed (not just by US, but by Canada as well)?