I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...
I am just completing a short plat subdivision on a rental that I owned. The land had existing home that has been rented. My plan is to build new homes on the new lots possibly for rental but in future sale as well.i a...
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
I have had profitable years in the past and have paid a significant amount in taxes. This year will be more profitable than before and I’m working to gain the knowledge to help me not continue to just stay on this pat...
Those who have bought real estate or have lots of money saved up could you please give me tips on how to save up money to eventually invest in real estate. Do you chuck leftover money after bills and other expenses in...
Hello,
I am currently 21 years old making around $50k per year. I am able to comfortably save 50 percent of my income for investing, while I am young I would like to start learning about real estate and how it could ...
I have a client who is 62 yrs old. He would like to request a 401K lum sum distribution from his employer for downpayment of an investment property sometimes in the year. Say the amount of 401K distribution is $40K ...
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use? Thank you.
Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...