Mindy Jensen
BP's Scott Trench featured on Stacking Benjamins Podcast
Scott Trench, author of Set for Life , is featured on my second-favorite podcast, Stacking Benjamins. Scott shares how to get from $0 net worth, to your first $25,000. Check out Scott's interview here .
Josh Sparks
How to reduce income tax
what are some legal ways to reduce my rental imcome? Can my partner/girlfriend claim the income and expenses? Does her name need to be in the mortgage or deed?
Chris Habets
Canadian Corporation and Capital Gains Changes
So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. http://www.cbc.ca/news/politics/morneau-tax-change... I'm assuming this will effect a lot of us he...
Joshua Michael Hauman
I reduced my monthly expenses by $1,469 each month
I reduced my monthly expenses by $1,469 each month and I'll here is the story of exactly how I did it.If you go to my profile you can see the first deal I ever did in October of 2020. It was a househack. Before we go ...
Luke J Nelsen
Is a 23% Effective Tax Rate Too High?
Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...
Gary Li
Can I convert Rental Income from Schedule E to Active Income on Schedule C?
I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...
Annette Wanamaker
Tax Implications - Using Flip Profits to pay down HELOC
Hello, BP land!I've just purchased my first long term rental and am looking at next steps. I used a HELOC on my primary home to finance the down payment for this first property. I am considering a fix-n-flip next to...
Duncan Taylor
It's That Time Of Year Again - Tax Season
I'm curious to learn who here looks at income taxes they way I do.
I want to reduce my tax burden as much as I can but increase my tax liability as much as I can.
If that seems to be a conflicting posit...
Iggy Garcia
Primary residence bought and sold within a year in Texas
I bought and sold a property in Texas within 9 months creating earning a substantial profit along the way, what is the best way to defer or reduce paying capital gains taxes?
Peter Morgan
velocity Banking - Replacing half of your mortgage
Hello,Lately I got intrigued by the velocity banking videos on the YouTube and interested to hear if anyone had major success with this strategy. I got particularly interested with the strategy of replacing your entir...