Carmen Sognonvi
Brooklyn newbie interested in multi-family purchases
28 July 2014 | 7 replies
Interest rates are low and the interest and taxes can be written off on your taxes - reducing your current taxable income.
John Pearson
First Time Poster- Cash Out Refi or Sell
4 December 2014 | 16 replies
They could each choose the path best for them - whether to sell and take their portion as cash taxable, do an exchange on their own for that 200K portion, or band together with one or more and do the exchange on that portion.
Bart J. Olson
Question: how to 1031 exchange duplexes in a competitive market.
11 February 2020 | 9 replies
This would normally be taxable in a 1031 exchange.
Jack B.
Cash out refinance or not?
30 January 2020 | 3 replies
If I rent it out like this again it shows a profit and increases my taxable income....but then again it is nice to have extra money coming in every month from my most seasoned rental.
Linda Hastings
Tax Implications of Discounted Notes
27 April 2021 | 7 replies
I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CPAs.
Brittney J.
401K Self Directed IRA in an LLC
1 May 2018 | 4 replies
If you failed to correct a prohibited transaction within the taxable period you will be subject to additional tax of 100% of the amount involved.
Daniel Cruz
Partnership, SDIRA, Refinancing Question
12 March 2014 | 5 replies
Leverage inside an IRA causes all your income to become taxable.
David Ten
High DTI Home Equity Access
29 January 2024 | 10 replies
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower.
Tim C.
Crowdfunding vs Turnkey -for passive investing/ wealth building
26 September 2019 | 39 replies
My cash flow has averaged 10%, but my taxable income has been less than 4% of my equity invested.I have yet to lose any equity in a CF deal, but a couple have broken even and one looks like a 10% loss or so unless the platform steps up and covers the loss (promised but we shall see).
Jeff Betschart
Financial advisor recomendation
24 January 2018 | 6 replies
If you do not follow that requirement you may have a taxable situation.