Luz Pagan
My journey in Real Estate and the Untold truth about the business
Hello everyone,So if you go to my main page your will see that I invested in 3 properties the same year. This situation started in 2018 and I was all over the place. Then my husband wanted to buy a gas station and ma...
Jacob Miller
Roth IRA and First Time Homeowner
Would like to get the opinion of members on their experience using Roth IRA funds as a first time homeowner. Is it true that if you are a first time homeowner you can use money from a Roth IRA for a down payment? Can ...
Peter York
Cash Accumulation life insurance
I have been working with a financial advisor for about a year now and he is strongly suggesting permanent life insurance. I am skeptical about it because I would rather save the money that I would put into the policy ...
Carl Cheung
Promissory note lender, tax implications
Hi all, I am thinking of lending money to a friend as a promissory note. From what I understand, the interest on the note is subject to my personal marginal income tax rate. Is that correct?Any ideas on how to reduce ...
Brian Kreitz
Should i pay down my HELOC with the cash flow?
I just closed on my first deal on Friday! I bought a piece of land and then immediately sold it on contract for deed. Im all in for about $6,000 which I used my HELOC for. I have another deal in the works that would p...
Xavier Garcia
Taxes paid on income earned through a regular job
Greetings everyone,I was wondering if, for example, I earned $200k in one year working and decided to invest it all in a property (single or multi) all cash, would I have to pay taxes on that investment, or is there a...
Matthew Sutton
Own outright vs loans?
I keep going back and forth with this. What's your advice on getting some rental properties for retirement income needed 30 years from now?
1. Buy the first $100K cash with no payments and start collecting $1,200 in...
Matt Wilcox
Any Other Deductions?
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:
-...
Corey Demuth
How does Depreciation Work?
can someone explain how depreciation works in a nutshell, and how it helps your taxes?
Meg K.
Pay off Mortgage for duplex early or wait out the mortgage period
Quick Question: I have a duplex that i have been renting out for the last 2 years. Purchased in 2003 for $90k (more than market value). I lived in one until until 2016 and I refinanced in 2014 to 15 yrs at 3.75% inter...