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To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
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Hi Looking for advice on the following scenario:1. Currently own a rental property worth about 1.3M. Owe about 600K on this property on a 30 yr fixed @ 3.75% with 27 years to go. Rental history of 4 years with current...
Hello BP Community!
I have just purchased my first home in the Northern Virginia area and plan to house hack the property with two other roommates for the next two years. It is a three bedroom townhouse in an appreci...
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Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
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Ok I posted this in another thread- "Ok brand new wannabe investor here. I have a possible deal that if I have worked out correctly will cash flow 2,000 a month. Please let me know if I am doing it right. I want to of...
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Here's the situation:
I'm a 24 yr old, recent college graduate who landed my first professional job. I have put away around 10k for my first investment property. A close family friend has agreed to sell me a duplex l...
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An applicant for a rental that I own in Florida claims full-time employment for the U.S. Air Force as an officer making $85,000/yr. In a Linked-In profile he claims to be a Commander of a Communications Squadron in th...
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Hi. Accredited investor here, tech background. I live in a VHCOL area, and the prospect of investing in Brooklyn beyond my condo seems... unlikely. I'm heavily weighted into technology and cryptocurrencies and I'm loo...
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So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...
Hello Biggerpockets, I purchased a single family home 5 years ago for $80K. I financed it on a 30 year fixed rate loan. The rate was 5% and was financed as a owner occupied home. My monthly payment at first was $63...