Taylor Jones
How to pay $0 in taxes on a STR generating over $120K in revenue
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
A.J. H.
Buy a House. Sell it 6 months later for a $20k profit. Pay Taxes?
Hi All,I've been getting different answers from different people on this. Want your insights.Scenario: You buy a house. Live in it for 6 months. Market changes and it becomes a total seller's market.Neighbor houses ar...
Davin Pauline
CPA or financial advisor for tax advise and which house to pay off sooner
Hello!! We are looking for financial advice to look into our stuff and help us better decide which mortgages to pay off or how maximize the returns on our funds and give us sound financial advice. We have a tax prepar...
Account Closed
Calling all w2 professionals! What if you could pay ZERO in tax for 2024?
If you have ever used an AirBnB and are interested in investing in real estate, this post is for you! For individuals navigating the demands of a w2 job and grappling with substantial tax obligations, exploring the po...
Janis A.
Costs associated with buying then immediately renting
Hello!My plan for investing is to buy and hold single family homes. Personal circumstances have come about where the first property I buy I will just need to start renting it outright rather than moving in (as I woul...
Mike V.
Hawaii Petitions Court to Subpoena Airbnb Rental Records
Interesting to see how this plays out. Could have big implications nationwide. Also curious why VRBO isn't included. With this info they could also easily identify all illegal rentals and smack them with fines too....
Tu Le
Closing in 30 days. Cash deal . No money in the bank!
Hi I just won a bid on a house. I have cash but what is the best options for me to put it all in the bank without having issue with irs or bank regulation.
Account Closed
SDIRA LLC and Flipping Lease Options?
If I use a self-directed IRA LLC with checkbook control to fund the lease option consideration, can I then deposit the profit from flipping the lease option into the SDIRA tax free?
Dale Osborn
Inflation & the Economy
As the government continues to print more money - inflation will be going up and your buying power will decrease. Cost of goods will increase to new highs - look at gas, food, utility rates already. Where will it end?...
Kris Mo
Still Confused on the Concept of Refinancing
Hey BP,I've done some google searches and searches on the forum but still couldn't find the answer.Example:Total Loan Value: $200kMortgage Left to Pay: $100kAppraised Value of House: $300kSo this means I have paid off...