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Hi there, and thanks for reading.
I have a rental property with strong / steady annual net income of about $100k/year. This is after all expenses/depreciation.
I'm not looking to build a rental portfolio, but wonde...
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Hey There - quick question. I went full time real estate agent this year and did about 5.2 million in volume in 2021. I know there is a hefty tax bill waiting for me with this 1099 commission but I also know that I a...
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Hello BP,
Long time reader and listener. I'm seeking some advice from those who may have found themselves in my situation before or something similar.
In July I purchased a 1 bed, 1.5 bath condo in the town I curr...
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Okay so I've been doing this for a year now and it's been rough. From dealing with shady contractors doing horrible work, a mentor/financial partner who bailed on the first property leaving me to foot the bill, and n...
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Hi,I was wondering how and if my wife could qualify as an RE professional for tax purposes? I would love to be able to write-off some of my W-2 income.She is a stay at home mom with our 1 year old son, and uses her fr...
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
...
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Looking to get feedback from anyone who has successfully built an ADU on their primary residence. I realize when building an ADU and renting it out, you lose a level of privacy but it's a sacrifice for rental income. ...
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Hello! Realtor and Investor here. I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value. First year was fine on property taxes, and we were cash flowing ...
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So I see a lot of questions about ways to lower taxes.
Remember, the objective is not to minimize your tax liability as much as it is to maximize the net present value of the transaction.
As someone once told me an ...
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I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?