Mickey Petersen
Socal Multifamily Flip
15 January 2025 | 11 replies
Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.
Lorenzo L.
Buying my first property (NEED ADVICE)
15 January 2025 | 39 replies
A HYSA pays 4.5-5%(before rates went down) pre-tax, 3% net tax if you're a high earner.
James E.
Real Estate professional logbook example
31 January 2025 | 229 replies
These logs regularly end up in the Tax Court and are usually destroyed upon review.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
Prioritize quality locations.Keep healthy amount of reserves per property, hire a PM, and hire a tax friendly CPA(not planning just prep).
Dave Allen
If you magically had 100,000 to invest...
15 January 2025 | 24 replies
Thanks for readingDavid $250,000 tax-free?
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
So we GAIN 7million + tax payors etc..
Stacey Wells
Best Ways to Secure Capital for Real Estate & Business Growth?
30 January 2025 | 2 replies
Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.
Carlos Rodriguez
New to US market
11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
Shayan Sameer
Questions About Purchasing a Duplex as a rental
17 January 2025 | 11 replies
I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?