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So I’ve borrowed against my 401 k to purchase my first short term rental property. Fortunately it’s doing really well. I need funds for my next properties and I’m planning to liquidate my 401k so I can invest that mon...
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Well now it's getting real. Put an offer on a house in Prescott, AZ (red hot market like so many others right now). My intention is to go Short Term Rental via VRBO or similar. I have to makes some decisions in a sh...
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I’d like to get feedback on a strategy I want to pursue. I work in Silicon Valley and make well into the maximum tax bracket. I wanted to pursue REI both as a way to invest extra money (already maxed all other tax adv...
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Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income. STRs have very substantial tax advantages compared to other strategies as lon...
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Hello All, I'm new to the real estate and BP community. I am excited to be a part of this great community and looking to learn as much as I can to start investing in MF. I would love to connect/meet anyone local and l...
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Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
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I would like to make use of the special allowance. However, I would be filing as head of household. Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...
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I live in Campbell, California and have recently joined BP. Since joining a week ago, I have thoroughly enjoyed listening to a number of the podcasts on my daily commute. I have been investing for 4 years now and ha...
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I am in Houston, TX. I invest in Missouri City, TX. I was doing great at finding really good deals with an average of a 30% cash on cash return ( I am still a newbie, I feel that is good for me). The biggest problem i...
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Question fellow investors... I’m in the Texas market. I’m placing my personal home for sell and downsizing as a empty nester. Plan to also leave my job and transfer my 401k to a self direct IRA. My question.. 1. I hav...