Tyler Burlison
What to do with gains from rehab/flip
Hi everyone,
From what I understand about short-term real estate gains, a way to avoid them is to buy another and do a 1031. Are there other ways to shelter the gains from tax? The amount will be between $30-40k in g...
Nathan Simons
Just sold my duplex. How can I save on taxes that I will owe?
Hello everybody! Okay so I will quickly describe the background details of the deal and want to know the best route to lower the taxes that I will owe after the sale of this duplex. I have a 50/50 LLC with my business...
Abdulai Hussein
I have money saved up but my taxes show no income due to writeoff
I am looking to buy my first house. I have over $20K saved up however, my 2018 and 2019 taxes that I filed showed no income due to deductions I took. Is there a way I can still qualify for a mortgage? If so which lend...
Omar Hassan
Looking for a local CPA in Dallas who can maximize tax savings with rentals
good morning, I am a smaller investor with just a few properties. I would like to get a cost efficient and effective tax professional to help and guide me this tax season. Any recommendations you may know or use perso...
Melanie Baldridge
“How much will I save in taxes this year if I buy real estate?”
Here is a framework to think about how buying properties creates the most tax efficiency for you.
The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so...
