Eric C.
SEP IRA contribution and loan qualifications - DTI calculations
I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income. Is SEP IRA contributions added back in the way ...
Kalp Mehta
BRRRR Strategy on Turnkey Properties (Condo, Townhouse, and Apartment)
Hello BPCan you use BRRRR Strategy on Turnkey Properties (Condo, Townhouse, and Apartment)?
Carlson Driver
Are expenses on short term rentals tax deductible
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021. Would the $2400 ($200 * 12) + $500 = $2...
Steven Lopez
Income Taxes for Conventional Mortgage
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
William C.
Education On Passing Through Tax Losses to Offset W-2 Income
I understand this has the potential to be a complex discussion and consulting with my CPA will ultimately be the thing to do, but I am very curious what other's are doing in this space, thus coming the forum. After re...
Mary Eubanks
Tax Strategy - Irrevocable Trusts
I spoke to a company that works with my CPA that has offered to create me an irrevocable trust in order to reduce my passive income tax liability to zero, reduce my active income (real estate commission) to nearly not...
Anish Arora
depreciation recapture when selling rental SFR
I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
Tri Le
Question regarding income from rent
Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...
Rob Krach
Commercial (Multi-Family) Financing Pain Point
As this specifically relates to my job I have some questions and hoping for any insight from those who have gotten or applied for commercial financing with a bank for an apartment building with 5 units and above:What ...
Edith Penaloza
Is it too late to approach a foreclosure?
I'm a new Investor in Houston, TX looking for my first property to rehab & flip. I'm looking at all these foreclosures but I'm questioning the timing. If the properties are going to be auctioned on the first Tue...