Don Konipol
A Tax Lien Warning Story
21 January 2025 | 6 replies
Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
Ryan Broschard
Property Tax Increase - Fort Mill, SC (Lancaster County)
23 January 2025 | 2 replies
They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.
Joshua Tucker
Tax breaks on tribal land
16 January 2025 | 2 replies
Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?
Dennis Gudenau
Solo 401k Unsecured Loan Tax Advise
22 January 2025 | 2 replies
if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes.
Jon Ankenbauer
Best Way To Transfer Land From a Family Member
24 January 2025 | 7 replies
In that case you might save taxes building with them.
Paul Stewart
STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.