Jesse Hodges
put cash into Rental Property or Roth IRA?
For the last few years, I have been maxing out both my wife's and my annual roth IRA contributions with savings from work. I am in my late twenties and think of our IRA as more of a bonus later in life then what I am ...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Ronny Crawford
Taxes on Private/Hard money loans?
Does anyone have professional guidance regarding how taxes work regarding private lenders or hard money lenders? I was on both sides of this question last year and have not yet filed my taxes.Two scenarios to conside...
Shawn H.
Tax on master lease...
A family member wants me to manage their properties for them that they hold in a corporation, but legally, I don't think I can do that because I'm not a real estate broker. So, after some brainstorming, it occurred t...
Christopher Montgomery
The Difference
I am such a newbie at this type of investment, but am eager to learn. What's the difference between tax liens and notes??Thank you for your time
Jason Dillard
Non-recourse Debt and Tax Shelter
I have a new CPA that is struggling to allow me to use the tax shelter from owning properties that have "Unqualified" debt. Maybe a partner signed for the bank debt or I took a property subject to that disqualified ...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
Rama Krishna
Is it advisable to invest in Low Income LIHTC apartment complex?
Hi All, I am new to multi-family investing, is it advisable to do the first deal on a LIHTC (Low Income Housing Tax Credits) apartment complex? What are the pros and cons? Do we need to pay fewer property taxes if we...