Kris Kelley
New Investor 2023 STL
Hey my name is Kris Kelley Im a brand new investor and I am 22! I am in the St. louis market right now reading and analyzing everyday. Id love to connect with anyone in STL or even out of STL really, Im invtroverted b...
Jason Xenakis
Physician in Public Service Loan Forgiveness program
Hello. My wife and I are physicians that like in CT and work in NY. We plan on purchasing our first out of state LTR. I am enrolled in Public Service Loan Forgiveness (PSLF) program and need to pay 10% of my taxable i...
Austin Hunt
Backdoor IRA/Health Savings Account
Hi Everyone, I'm looking for some insight on how to reduce my taxable income. I already have a Roth IRA (Vanguard), but just recently heard about the backdoor IRA on the money podcast and was wondering if I would have...
Tony Collins
Can my parents collect rent from a tenant when they don't own the home?
My parents live in a home under my name. There is another tenant, call him Bob, who lives in this home and pays rent. Is it legal for Bob to pay rent to my parents instead of to me? I would like to do this because it ...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Bryan Hancock
Imputed Tax Dodge? Longer Amortization Period
If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
James H.
Need to decrease tax burden - Advice needed
Hello BP, I have a situation that involves my father in law who's a longtime investor with multiple free and clear small apartment buildings in a good market. We are looking for advice or an advisor that can help w t...
Account Closed
Trying to estimate sellers capital gains tax
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...
Margie Pierce
Tax rate for cash flow
I am someone who currently works on a W-2 basis and plans to transition to living off of my cash flow but in the next couple of years. I am interested to hear about peoples first hand experience with earning $100,000 ...
Mike Helminger
UDFI Question (related to SDIRA)
I read through this post (and several others) and am trying to grapple with the idea of UDFI:https://www.biggerpockets.com/...Scrolling down a bit, Chris Wooten states the following in the comment section: I’m not a C...