Chris Chesser
Cash flow in a high tax area
I've found a triplex listed at $78k with a monthly income of $1300. I ran this through BP's rental calculator and 50% rule says it should cash flow about $320, however the tax percentage in my area is just shy of 12% ...
Muhammad Akhtar Shiekh
is Justin, TX is a good area to invest for rental property?
Hi Experts!I am interested to buy a property in Justin, TX and that seems to give me a break even. I am planning to hold the property for next 10 years and I am looking for future appreciation and future low mortgage ...
Chris D.
fix and hold or duplex for new investor with cash...
Does it make sense for a first time buyer to buy a SFH, fix it up while living there, and then either A.) rent it out after a year or two or B.) sell for a profit? Would it be a better option to buy a duplex and do ow...
Jesse Hodges
should you always claim depreciation?
Is is always a good idea to claim depreciation on your rental property for tax purposes? I recently learned that if you sell the property for more than its depreciated value, you'll owe tax on that gain through the de...
Dennis Maynard
Alabama, Georgia, Tennessee, Kansas, Nevada - looking to network
Hi Everyone, I’m looking to network with property manager / agents in Alabama, Georgia, Tennessee, Kansas, Nevada. I’d like to get the sense of some of the markets there. I’m looking for groups and people who already ...
Bill Goodland
Redfin, Realtor, Zillow, Trulia..who to trust for accurate taxes?
Currently keeping my eye on a lot of submarkets in my area and running numbers as I plan to buy a property to househack next year upon finishing grad school. My question however is, what website to trust for the most ...
Bellman Tumasang
Investing In Real Estate, setting up entities and taxes
Whether you own real estate in your name, an LLC, corporation etc can you please fully explain with an example how you manage taxes?for example let’s say you owned a rental property in an LLC taxed as a disregarded en...
Lucas Gunderson
Tax Questions
I've got some tax questions for all of you pros out there. When flipping homes, what is the best way to structure your company so that your tax liability is decreased? I've talked with several people and they have s...
Joe Shepherd
Capital gains tax question
Hello,I bought my house in April of 21 for 185k. It is now worth 250k in just a few short months. The house down the street from mine is the exact layout and just as nice as mine sold for 250k yesterday. Is there a wa...
Tom Seigold
401k: should I do Roth or traditional in this case?
- Income ~$170k, effective income tax rate is about 27% right now. Employer offers full 401k match up to 3%, so I'm putting in 3% to get the full match.- Retiring in about 30-35 years.- Building a rental portfolio is...