Omri Avital
Should I use BRRRR
Hey, I have $80K-$90K liquid money Interested in investing in real estateI have experience of 2 years of wholesaling
My goals are to increase capital + accumulate properties. Would love to hear suggestions
What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary -- and understanding and utilizing the tax system can actually ...
Daniel B.
Renting new construction for a year then selling to save on taxes
Hi, I understand rental properties are not earned income so you don’t have to pay self employment tax on them. Has anyone fixed up flips or built new construction and instead of selling immediately, either rent...
Joe Cassandra
[CPA Question] Is there a limit on live-in flip tax savings?
My wife and I did a live-in flip for 2 years and sold for a $40k profit. We bought our next house less than a year later. We may rent this house out, but curious if we sold it again (it's 2 years later now), if we'd p...
Tou V.
Best strategy to get Title in my name and save on taxes?
A few years ago I had my brother purchase a investment property for me, because I couldn't get a loan at the time. Initially I was told yes, but when it got closer to closing, loan was cancelled. Basically I paid fo...
Michael Outar
Using a Motor Home as a home office works for tax savings??
Hello all. I have a question. I moved into a smaller home and don't have a office for my real estate business. I had a thought the other day. I wondered if I purchased a motor home and used it as my business office if...
Sara Lung
Saving tax for occasional RE investor with sudden big profit. Failed 1031.
Hi,I finally sold a piece of vacant land this January. I have $110K in capital gain, and I tried to use 1031 to buy other lands. I still have $70K capital gain left after the 6 month 1031 replacement period expired. N...
Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...
Mike Sola
negative cash flow but postive ROI through taxes
Hey everyone!I was listening to BP episode 335 or 334 and I heard something interesting. The speaker mentioned that either he or someone he knew invested in a very expensive property which had negative monthly cash fl...