Hello.I have a foreign friend who is interested in invest in rental property, but there is one concern that he has to pay 30% withholding tax. We agree that I will be a manager for finding good deal since I know the m...
For those who are lucky enough to make over $450k/year, what changes are you making?
From what I understand
1) tax rate goes up to 39.5%
2) you cannot take mortgage deductions anymore?
3) dividends from your corpor...
If you use leverage along with a self directed IRA to purchase real estate rentals properties are the usual tax deductions EX, interest, property tax. depreciation. applied to the total cost of the home. or is it appl...
Hello,
I've modeled my investment property cashflows in excel. In my model, should I be counting the depreciation tax shield as cash flow? Logically, it seems like it is cash flow since it is indeed, cash in my pock...
I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...
Hello biggerpockets! I am looking into buying my first rental property in Athens, Ohio for a college rental. Ideally, it would be a multi-family home within walking distance to campus. I graduated from graduate school...
I am interested in purchasing a small multifamily in a retirement account. Because it's a retirement account, I can't use leverage without bumping into complex tax issues (UBTI / UDFI) that i would prefer to avoid. ...
I'm thinking of doing a 1031 but the local market is seller's so things might not be easy buying something new that makes financial sense. I have no intention to invest out-of-area and willing to pay cap gain tax if t...
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...
Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property?