Hoa Nguyen
First Flip $60k profit but a lot of headache lol
6 February 2025 | 2 replies
$60k profit pre-tax.
Kaleb Johnson
Best Area For Starting Out
8 February 2025 | 42 replies
Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.
Tiffany Palaskas
Sell or keep income producing duplex
1 February 2025 | 51 replies
Sell, get the tax savings while you can.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.
Micheal Smoke
I’m Mike Smoke, a new investor focused on multifamily and Section 8 housing.
31 January 2025 | 10 replies
My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects.
Maki Bick
Sell the house to pay off debt?
8 February 2025 | 8 replies
You get to harvest the equity tax free.
Ruben Espejel
What factors do you use to hold, adjust, or sell?
25 February 2025 | 13 replies
And I get to pay 20 percent capital gains tax plus depreciation recapture.
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
I can’t imagine the returns you would have to generate. 22% federal tax, plus 8% state tax, plus 10% penalty.
Derek Dickinson
House Hack turned investment property
3 February 2025 | 1 reply
Had to negotiate to 999,000 only to stay under the NYC luxury tax.
Jerry Velez
MLO vs. Seller Financing
2 February 2025 | 2 replies
Have any idea about Gift tax in NY?