That breaks down as $82,404 in federal income tax, $22,798 in self employment tax and $16,983 in New Jersey income tax.

As Jon mentioned, if you do a 401k loan and suddenly lost your job and can't pay it back, it becomes a taxable event. - I started off with plain vanilla transactions for the first few properties.- An example of using 401k money: say a $100k investment property, $20k down needed.

This is not based on your state requirements but federal requirements, state laws also apply.

The vast majority of notes are sold whether it is a mortgage company or a federally chartered bank.Originally posted by Craig Sturgill:I just wanted to get advice from someone else and see what you think of the deal with iFreedom as opposed to going with a traditional bank?

But if you have one property that's producing passive losses you can use those to offset taxable income from another property that's producing taxable income.Good rentals produce taxable income.

.- What is the assessed/taxable value of the property (this can actually be a very unreliable number - so I wouldn't put too much weight on this... but it can at least give you a starting point)- I call a few realtors in the area and ask for their honest answer to this question: "If you had to get this lot sold within 6 months, what would be an appropriate asking price?"

There are also federal and state programs that offer rebates and incentives for energy audits, if you dig deep enough.Hope this helps!

With a mobile home park, there's nothing really to depreciate so I'm guessing almost all your net income is taxable.

Chris Masons,Dividends will be taxed at 0% if you are in the 15% bracket or below. 15% if you are in the 25-35% brackets And 20% if your taxable income is in the 39.6% bracket.

Between state & federal last year my tax bill was over $50,000.