With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!
Welcome...
Yoon Seokwoo
tax implication for cash-out refinance
I am trying to think of the best scenario to get maximum tax benefit for rental property in the following scenario.
Say that I have a house that is paid off and I want to convert it to rental property. If I take cas...
Brian Ashby
Selling a Qualified Opportunity Fund
I own a number of LLC's which are declared qualified opportunity funds. Is it possible to sell these properties/ LLC interests to 3rd party and have the QOF benefits transfer to them? The properties are post constru...
Devin James
Cash Flow vs Equity? What Stage of Life are you in?
General rule of thumb that I have noticed about Equity vs. Cash Flow. - Low-income areas = High cash flow, low equity growth - High-income areas = Low cash flow, high equity growth - Median-income areas = Average cash...
John Blanton
Offsetting Earned Income with Passive Losses
You hear a lot that there are great tax benefits from investing in syndications as a passive investor. That you are able to offset your income from W2 or other avenues (even if you are not a real estate professional)....
Jam Jackson
Calling all those with House Hacking Experience
Hi all!Newbie investor here. Some questions have arose for me after doing some reading, podcast listening, and property analyzing.For those with house hacking experience (especially with FHA financing) - based on your...
Anass M.
Turning Primary residence into an LLC
Hello BP,
I am a homeowner/investor here in Denver, CO. My partner and I bought a duplex last year using an FHA loan and are currently renting out the other unit as well as a room in our unit. We would like to pus...
Mark Nguyen
Partnership in California and Florida Structure and Tax Deduction
Hi,
My partner in California will be funding a single family up to a fourplex. I am in Orlando, Fl, will be finding, analyzing, negotiating and managing the property in Orlando.
I will be living in one room/unit and...
Account Closed
Real Estate LLC Worth it? What about for each property?
1. It seems like taking advantage of depreciation and all of the tax benefits of real estate are lost if your income is >$150k, unless you are a "real estate professional", right?2. I've read a lot about legal enti...
Leslie Beia
Tax Q's About a Co-signed Primary Residence
Hi! I've talked to 2 CPA's and have received completely different information, so I'm hoping someone here can clarify!I have purchase a SFH (with hard money) that I intend to live in and share with renters (house hack...