Ian Russell
1031 exchange question
15 January 2025 | 3 replies
Cash out refinances after a 1031 exchange are not a taxable event.
Jacob Hrip
Best financing options for a first time investor?
9 January 2025 | 9 replies
Rates will range from Prime (currently at 7.5%) to Prime + 4% (11.5%).
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
If her goal is to provide some of the proceeds to her ex in good faith, she can simply sell the property, have a tax professional estimate the taxable gains.
Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year...
Dmitriy Fomichenko
How to supercharge your Roth IRA or Roth 401k
27 December 2024 | 18 replies
If you do so - 100% of the cash converted is taxable.
Avani Patel
software to filter properties by return rates
17 January 2025 | 3 replies
Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return. Is there any software where I can filter out properties below a certain return? I want to be ...
Account Closed
Paying off Rental or Primary
31 December 2024 | 8 replies
If the interest rate are close, then you should pay off the primary.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?
Guillermo Perez
Rate my first BRRRR
8 January 2025 | 22 replies
Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR. I bought my first investment property cash, for $101K. After closing costs, it w...
Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.