Kin Lay
Game: Lower taxable income through real estate investing?
Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
Lucien Perreault
Financing the next deal
Good Evening BiggerPockets,
Last year I bought my first major rental property with my VA loan in Roscoe Village, Chicago, IL. The property had already been rehabbed for the most part but was not fully occupied. I hav...
Rich Barrett
Self-Directed IRA - What happens when you turn 65?
My wife and I are 54yo, with IRAs holding traditional securities, and have previously dismissed the idea of using that money for real-estate investment for various reasons.
However, there is a piece of land that we’...
Eden Meng
SDIRA + Non Recourse Loans
Hi BP Community,
I am currently having 80K sitting in my SDIRA. I am hoping to get the small multi families out of states ( Indianapolis/dalas Texas). I am reaching out if any one has an experience in pairing their ...
Bill Henley
Parking cash in one's own properties: help me whiteboard it
Our LLC owns seven properties in St. Louis: 1 single, 2 duplexes, four 4-plexes. All have mortgages. We are selling our primary residence, located in California. We will be netting a lot of after-tax money from this s...
Julio Gonzalez
Smart Strategies for Selling Your Investment Property
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...
Dane C.
Short Term Rental Tax Loophole for Physician
I'm a physician with a fairly high W2 income (and thus high tax liability). I've wanted to get into real estate for a while as a means of diversifying my assets and reducing some of my tax liability. I'm facing a $280...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Jim Hwang
Looking for CPA Re: capital gains and 1031 exchange questions
Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...
Tyler Neison
Larger Cost Segregation opportunity with SFH or Condo?
Hi, I'm looking into purchasing another investment property in the Destin, Naples, or similar area this year to use predominately as a STR. My active income will be at its highest level this year, so the goal with thi...