Hello fellow REA investors,Can anyone help me answer the question below, I know this should be ask an Accountant, but I just need some general ideas of the tax implication. Here is the scenarios:1. We bought an apt bu...
I am new to the multi family investing business. I was wondering how much cash should I put aside for taxes? We don't have a state tax so should I save 20% for federal taxes?
According to this article, Chicago home prices are rising with the "steepest annual price growth" (4.4%). This is interesting. During the initial COVID home price boom, Chicago home prices increased about 18-21%. This...
Does anybody know what the best legal structure for liability protection and tax benefits under the new tax code?I'm under the impression an s or c-corp may be better than an LLC right now because of the lower tax rate.
Working full time while attempting to invest. If my goals are to leverage RE for financial freedom, should I still max out retirement accounts?
1. Roth 401k vs 401k?
2. Open a Roth IRA as well?
Trying to figure out...
Hi Everyone, I got a couple of questions in order to do my first investment in USA as a foreigner. My plan is to buy a 150k property for long term rental in MD:1- To buy through an LLC I need an EIN to open my the ban...
Hi my name is Michael Veal and I’m looking to buy house in the Houston area. I was trying to figure out the property taxes but I don’t trust Zillow with that information. Just trying to do my due diligence to see if ...
Hey everyone, I'm a financial planner by profession & I really dislike "sales pitches." All of the sales pitches I've seen for Cost Seg studies show the tax benefit at "37% tax rate" which doesn't apply to most i...
I’m building a top 10 list of metros for out of state investing. One factor I’m considering is the states with low effective tax rates for property taxes (in order to maximize cash flow). However, my state (SC) has a ...
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...