Eric Barnett
Tempted to Buy New Build in Fast Growing Area
18 May 2017 | 6 replies
We would be happy in this home for many years but it may limit our buying power (lending issues possible after).
Kin Lay
Game: Lower taxable income through real estate investing?
30 May 2017 | 6 replies
.- Rent ($500/mo)- single with no kid- person A is interested in doing a coding bootcamp ($5500 cost) and find a part time web development job in the future; knowledge from coding bootcamp can also help person A to gain knowledge with automation in his current W2 job- Does not own any business, but sometimes would talk about side business or investing opportunities over dinner table with friends and family (average cost for those dinners per month $300)- Share a name with his mom on a residential property while paying $9000 property tax per year.Here are some opportunities for person A:- 18,000 contribution to 401K- 5,500 Roth IRA or SD Roth IRA- maximum 25,000 rental real estate loss- purchase rental real estate with mortgage and take depreciation and property tax and other fees for rental real estate investment.- tax lien investment- open a LLC- Real estate opportunity in Bangkok or Manila (USD$50,000 for apartment, 0.5% rent to price ratio); foreigner can only own condo, not land- Real estate opportunity in Malaysia (USD$80,000, 0.5% rent to price ratio); foreigner can own land- Real estate investing opportunity in Brazil, Greece, or etc.- purchase land through tax sales, find construction company to build and rehab houses.Here is an example of basic tax liability for person A if he does not participate in creative investment activities using 2016 tax rate:Salary 70,000401K contribution (18,000)Roth IRA -Property tax for Primary Property (9,000)Bootcamp as miscellaneous deduction (5,500)Taxable Income 37,500Tax Liability (932.5+15% over 932.5) 6,417.63How would you add or modify this sample strategy to help person A to lower his tax liability and turn it into investment fund?
Kristen T.
Sheriff's Sale in Pennsylvania
26 December 2017 | 18 replies
In terms of whether you can talk to a live human being at a bank with decision-making powers, that depends on the size of the bank.
Shaun Hunt
Should I Give Up Storage Shed Access
2 January 2018 | 4 replies
It isn’t very big, doesn’t have power, it leaks and isn’t insulated.
Nate S.
Need a new Furnace, don't know what to decide.
14 March 2017 | 11 replies
I suspected my neighbors taking a extension cord stealing my power but there is only one outlet outside at the porch door.
Mark Watkins
Rental Beside Hospital Creative Rental Situations
15 March 2017 | 6 replies
Plan A is to just rent this house as a residence with a 12 month lease as I usually would.
Pat Jackson
Inspired (and a bit frustrated) with "Never Split the Difference"
3 June 2020 | 20 replies
I believe you learn more from failure than success.I’ve taught real estate agent classes & I’ll sum it up with an analogy I use with agents that I call the jockey & race horse story.Who is more powerful in this equation, the jockey or race horse?
Uwais Zaid
Syndicated deal analyzer
22 July 2018 | 10 replies
Overall, this tool is very powerful and very customizable to fit any situation, whether you're syndicating or not.
Val J.
Tenant used Space Heaters Causing a Problem
27 November 2018 | 20 replies
If the wiring was all correct, these high power devices would simply pop the breaker.
Yulia J.
Landlord disappeared - what to do?
9 November 2017 | 4 replies
You can call the power company to see if they would (attempt to) contact the landlord at their contact info, which may be different.