Daniel Trang
Beginning the Journey... Broke
26 May 2017 | 8 replies
Then they proceeded to watch Netflix after dinner.
Kin Lay
Game: Lower taxable income through real estate investing?
30 May 2017 | 6 replies
.- Rent ($500/mo)- single with no kid- person A is interested in doing a coding bootcamp ($5500 cost) and find a part time web development job in the future; knowledge from coding bootcamp can also help person A to gain knowledge with automation in his current W2 job- Does not own any business, but sometimes would talk about side business or investing opportunities over dinner table with friends and family (average cost for those dinners per month $300)- Share a name with his mom on a residential property while paying $9000 property tax per year.Here are some opportunities for person A:- 18,000 contribution to 401K- 5,500 Roth IRA or SD Roth IRA- maximum 25,000 rental real estate loss- purchase rental real estate with mortgage and take depreciation and property tax and other fees for rental real estate investment.- tax lien investment- open a LLC- Real estate opportunity in Bangkok or Manila (USD$50,000 for apartment, 0.5% rent to price ratio); foreigner can only own condo, not land- Real estate opportunity in Malaysia (USD$80,000, 0.5% rent to price ratio); foreigner can own land- Real estate investing opportunity in Brazil, Greece, or etc.- purchase land through tax sales, find construction company to build and rehab houses.Here is an example of basic tax liability for person A if he does not participate in creative investment activities using 2016 tax rate:Salary 70,000401K contribution (18,000)Roth IRA -Property tax for Primary Property (9,000)Bootcamp as miscellaneous deduction (5,500)Taxable Income 37,500Tax Liability (932.5+15% over 932.5) 6,417.63How would you add or modify this sample strategy to help person A to lower his tax liability and turn it into investment fund?
Elizabeth Garcia
is receiving monthly rent in cash bad?
27 December 2017 | 43 replies
Then for the last 7 years, we trust each other enough, and often she brings it by dinner time, so we don't have time to stop and count it, we would call her later if it's short, or sometimes over.Then a while back, my younger daughter was in the habit of swiping our money, One morning I counted $1,240 in rent money at the kitchen table, ran out of deposit slips, walked away for a minute to get more, walked back, finished writing the slip, and drove to the bank.
Dmitriy Fomichenko
Buying property at a tax sale
20 April 2015 | 21 replies
If I were in your shoes I would be more than happy to pay for a $400 dinner to pick his brain for a few hours.
Account Closed
kitchen renovation with tenants still living there
17 April 2014 | 28 replies
However, can you just offer the tenants to pay for their lunch and dinner for Monday and Tuesday, so that you give yourself some extra time?
Chait Borade
Leaking Roof, next steps?
11 August 2022 | 17 replies
You will share your story at the workplace water cooler, dinner parties, the local coffee shop.
Sean Comp
CO inspection problem
8 July 2022 | 5 replies
AND, find a mentor or investor on this forum (or a friend who invests if you know any) and buy them a steak dinner if they will walk the property with you and give you advice on what parts of the inspection report are must-do items in the short-run and which you can leave for later (or indefinitely).
Neal Collins
Airbnb’s in Portland
27 July 2018 | 17 replies
plus by being a loyal hotel client I get points enough each year to take two two week vacations somewhere in the world that don't cost me a dime.. and the one I took to Thailand last feb included breakfast and dinner..
Bruce Woodruff
Arizona now the #2 state for in-state migration
6 May 2023 | 21 replies
James, Bruce and I will take you out for a good pizza or a steak dinner.
Brian C.
Mixed-Use developments - Any one have experience?
6 January 2017 | 6 replies
It's more important to 200 residents to know they can grab dinner at the nearby restaurant once in a while than it is to the restaurant to know that 200 nearby residents will grab dinner once in a while.