Hi!Just finished reading the House Hacking Strategy and I have a question that I believe it goes unanswered in the book.I´m wondering how is the income you get from house hacking getting taxed, at which tax rate. The ...
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Hello!While building a financial model, I realized how mediocre my understanding of taxes are.Assuming a flip is done in less than a year - so short term capital gains - what are the taxes to account for?My current as...
This is a very debatable topic but...I have a self-directed IRA. I have only used that IRA to invest in private notes and hard money lending because those types of investments produce "interest" income which adds to m...
Hello everyone. I know this is a huge topic but i never seem to read something and say...yeah thats my situation. So hopefully i can get some recommendations.
So last year i purchased 2 multiplex properties. Didnt...
I'm purchasing a commercial apartment building and the short version is that the Seller is willing to close immediately (which I prefer) but has asked to carry the loan through December. His reason is that we are help...
My partner and I are considering stopping all 401k deductions (MAXED YEARLY) to fund debt payoff. I am not sure if this is the correct approach and looking for advice? We currently have a 2 rental properties and produ...
I just got my first check for $12,125 from a birddog fee on land/timber. Now how much to put away for taxes? I live in texas.
Thanks everyone in advance.
Would you buy tax benefits if you could? An example would be $180K worth of depreciation for $140K
I had a tax related question regarding a self storage investment I am getting into. I am trying to figure the best way to fund the investment - either cash or through cash in a self directed (traditional, not Roth) IR...