Doug Wolff
Property owned/taxes paid by a savings fund - Any deal successes?
Found a vacant home as a flip candidate. Tax records show it is owned by a savings fund under a reverse mortgage. Is there any point in trying to offer a deal to a savings fund company?
Karen Chenaille
Best Tax Strategy: Max out 401K or Save for Real Estate?
Hi!I am looking at real estate investing to reduce my tax liability and generate passive income. I have a 401K plan which I have been maxing out annually. My company matches 4% of the first 6% contributed. I have use...
Lindsey Johnson
1.4 Acre lot saved from tax sale and sold on terms
Investment Info:
Other other investment.
Purchase price: $500
Cash invested: $1,123
Sale price: $25,500
A seller got behind on taxes for this 1.4 acre parcel in Colleton County and it was sold at...
Pavel Gos
Basic tips for real estate investors to save money on taxes
I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...
Drew Dim
Have your LLC sell a home to yourself for tax savings
I have what seems to me to be a potentially complex question, som here goes:
I own a lot in my own name. This lot is actually 3 combined build able lots (yes it's all legal/permitable, etc so please don't ge...
Bob Evans
Hiring my son - please help!
I have a question about the best way to hire my son to maximize tax savings.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental properties (not under the S C...
Jared Olson
Tax Planning in Omaha, Nebraska
I'm building my entities for buy-an-hold real estate in Omaha, Nebraska. In light of the new tax laws, what type of entity will provide the best tax benefits for my rental income? Will it be different if I decided to ...
Brad Gibson
Property Tax Protest Firms -- Worth It? (Texas)
Those who invest in Texas know that property taxes can be a significant drain on your cash flow for investment properties. My rule of thumb is to go ahead and tack on about 2% of the value of the home as an expense f...
Calvin Schmeling
How to have my wholesale llc taxed
I currently have two LLCs. I have my Wyoming holding company and that owns my wholesale LLC that's owned by me and my partner. How do I have them filed as? I am new to the LLC world and I hear a bunch of different thi...
Klyde Waggsdale
Property has negative cash flow, but.....
I am looking at a property that has a negative cash flow, but the tax savings through deducting my losses and depreciation more than make up for the negative cash flow. The property is also being sold at a deep d...