I came across this table on the census web site. Table 721 from this census data has breakdowns of the median (and mean) net worth of Americans by age, race, and tenure. In almost every category, there is quite a wide...
Introduction to Real Estate Investment through Retirement Accounts
Have you ever considered that a Self-Directed IRA or Solo 401k could be used to invest in rental real estate? Surprisingly, many people are unaware...
Thought this might be a good topic in these declining times. . .
The question is how much of your real estate investments should be leveraged?
So I am looking for my first rental property in Philadelphia. I currently live in NJ but my girlfriend lives in philly and I've moved back and forth from the city for a few times now. I'm finally ready to buy and get ...
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
In the process of applying for HELOC, bank uses a virtual appraisal. We can then pay for a full walk through appraisal if we’re not satisfied.But looking to understand what values/comps they use for a virtual appraisa...
I'm just about 62 years old.I have $266,000 in a 414h account. This is like a 401k but for government employeesI have 50k in assorted credit card debt. cc interest ranges between 14 and 22%.My salary is just under 1...
My business partner and I own a few investment properties under an LLC. We bought one last year, renovated it ourselves, and didn’t pay ourselves a dime for labor. The mortgage we took out covered the purchase price p...
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...