Zachary Young
Where To Buy My First Rental Property
30 January 2025 | 56 replies
Zachary,Your concerns about Cleveland are valid—high property taxes and stagnant population growth are definitely challenges to consider.
Micah Huffman
Renting Primary Residence & Job Relocation
1 February 2025 | 5 replies
My payment with insurance & taxes is $1425 a month.
Dallas Morioka
Using Seller Financing to Buy Primary Home
22 January 2025 | 3 replies
Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...
Melanie Baldridge
Being RE PRO is worth it.
31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.
Tim Brinsek
Analyzing a Deal with Private Money Covering Part of the DP
31 January 2025 | 6 replies
From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.
Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
What are the tax ramifications of a sale, if any?
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
3 February 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Helena Lee
Has anyone ever experienced buying a house with full bitcoin?
31 January 2025 | 2 replies
So, if she bought the bitcoin for $1 million and is now using it to close on a $10 million property, that is a $9 million gain that needs to be accounted for in her income tax.
Stacie Telles
Refinance on Investment Property
3 February 2025 | 12 replies
At least now your tax basis is $220k ;-) What was the extent of the repairs?
Joshua Parsons
Really long distance investing (International)
19 January 2025 | 46 replies
Zero capital gain tax, next to zero income tax, property Tax is super small.