Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
I have a good credit score (791 based solely on credit cards) make almost $200,000 per year, and have very healthy investment and retirement accounts in America.
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.
Melissa Sejour
How do you research the best areas to invest in?
29 January 2025 | 11 replies
@Melissa SejourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Tim Brinsek
Analyzing a Deal with Private Money Covering Part of the DP
31 January 2025 | 6 replies
It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
Meaning if you only 'pay in' on say 50% of your income each year by using the S-Corp strategy that you will also only get a proportionate retirement benefit down the road?
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.
Jason Munns
Canadian Lender Finder?
27 January 2025 | 5 replies
More on DSCR loans: DSCR loans won't use your income to underwrite the loan.
Thomas Youngman
Property Investment in Portugal
19 January 2025 | 269 replies
Does anyone know where you could find median income data by area in Portugal?
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Delay receiving income into January.