Moshe Eisenberg
Does Seller Financing save the seller any taxes?
Hi everyone. If a seller of a property does not plan on doing a 1031 exchange does seller financing save the seller from any capital gains taxes? Does the fact that the seller will essentially not be getting the full ...
Renjie Song
Finding tax savings: Tool for simplified cost segregation
Hi everyone! Have you thought about using cost segregation to maximize your tax savings?Have you looked into cost segregation services but found out they cost too much? I am in the same boat. To make my life easier, I...
Andrew Erickson
Best way to realize owner occupied tax savings?
My wife and I own a condo in San Diego. We are planning on upgrading to a "real" house soon when kids come. We are going to hold onto our condo when we move. I see that we don't pay capital gains if we have lived in ...
Tyler Jordison
"First-Time Homebuyer Savings Accounts" Tax Deduction Question
Hey All, I just learned about something called a "First-Time Homebuyer Savings Accounts" that Iowa offers. This is essentially a tool to get the younger generation to move from renting to buying by offering a tax dedu...
Matt Pulkrabek
Pay the income tax or Save for FI
Here's a question I have been struggling with: Do I continue to save for retirement through tax deferred methods like a 401k, which grows my net worth 33% faster than a non retirement account? I am self employed, so ...
Account Closed
Unique Tax Saving Strategies to be aware of
As a nationally recognized real estate CPA, I would like to take the time to discuss tax strategies applicable to real estate investment.In the realm of real estate, there are several crucial tax strategies to be awar...
Kelsey Vander Meulen
Program to Calculate Tax Savings in Deal Analyses
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Victor Yang
Taking a small loss to save on taxes?
Hello all,I am looking to buy an apartment building. Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing...
Garrett Terrell
Tax Benefits from SFR and MFR
I understand that there are tax benefits to owning real estate, however what are some items I can give to my CPA so we can lower our taxable income? We made about 350k as a household in 2020 and I do not want to be st...
Will Lee
Converting House Hacked Primary Residence into Rental
Hi Bigger Pockets family! Thank you all for any input in advance as I have been soaking up information these past few months. I have house hacked my primary home in Orange County, California for the last 5 years. I ...