My wife and I keep our financial accounts seperate, and simply share a mutual credit card that we equally contribute to for mutual expenses (mostly groceries). I purchased 2 houses with my own finances in 2017, which...
What are your thoughts on this? It is supposed to take start 2013.
You think this will actually go into effect?
I am in northern CA. My barber runs a cash operation and we were chatting about real estate as I was getting cut. He moved to a rental near the shop but wants to buy. He said he has $40k down but can't prove income...
Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years. Any thoughts if this is a good plan?
I love this guy! Watch him tell Obama what's up!!
http://www.youtube.com/watch?v=zPxMZ1WdINs
WHOLESALERS, IT'S TAX TIME!!! HERE'S A TIPI know, it's lengthy, but five minutes could save you thousands . . .Working with other wholesalers to buy and/or sell investment properties is a great strategy because it all...
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
I'm trying to learn the best way to exit out of my VA loan. I currently have a VA loan on a 4br/2ba SFR that I am house hacking.
For the past year I have been renting out two bedrooms which covers more than half of m...
Hi All, I'm trying to wrap my head around planning for capital gains and depreciation recapture if I start to sell some appreciated property within the next few years. I'm also trying to determine whether to take acce...
Has anyone done this? For taxes purposes and to keep the money apportioned correctly, it is even possible? Thanks