HI All,I'm confused about something that I'm hoping you guys can help explain.I've heard that generally when you are buying a primary residence that the interest one only 1million dollars of your loan would be tax ded...
I have a question on what gets taxed when it comes to rental income. Of course there are loads of other factors but I'm looking for general answers for someone living in the US without state income taxes.For example,...
This post was prompted by this quote from the website of an established syndicator, emphasis mine:
"What kind of tax impact is there? Apartment syndications are very tax efficient. As a partner in our limited partn...
With last years taxes, I was able to write off my rental income down to zero through depreciation, repairs, hoa's, taxes, insurance, etc on my rental properties.Since I do not meet the qualifications to go to $-25,000...
I currently have $150k and am looking to pick up $500k in homes over the next year. In particular I want to get 10 x $50k homes.My taxable salary is low at $36k per year, but I have a large amount of tax-free income (...
Hi BP! Can anyone recommend a CPA for someone who got their first STR property this year? TIA
We own a 2-family brownstone in Harlem, NYC. We currently rent the basement apartment and live in the rest. My wife has suggested we sell the basement apartment as condo, using the proceeds (after some reno costs) to ...
I have a decent amount of money currently invested in the stock market. I would like to use some of that to either pay cash for a second rental property, or use as collateral on a loan that will reduce my down paymen...
If i want to build a huge investment portfolio,should i buy rentals under my name,company or trust for good tax benefits?
Hi all.I’m planning on doing a 1031 exchange where I sell a rental property in CA and purchase one in Oregon or Washington (Portland or Vancouver). At the same time, if someone can also do my normal (W-2) taxes along ...